DA Davidson Reaffirms “Neutral” Rating for Expedia Group (NASDAQ:EXPE)

DA Davidson reaffirmed their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research note released on Friday, Benzinga reports. DA Davidson currently has a $135.00 price target on the online travel company’s stock, down from their previous price target of $152.00.

Several other equities research analysts also recently issued reports on EXPE. Bank of America downgraded shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 price objective for the company. in a research note on Friday, February 9th. Evercore ISI lowered their price target on Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a report on Friday. Piper Sandler cut Expedia Group from an overweight rating to a neutral rating and reduced their price objective for the stock from $175.00 to $145.00 in a research note on Friday. Wedbush lowered their target price on Expedia Group from $130.00 to $125.00 and set a neutral rating for the company in a research note on Friday. Finally, Oppenheimer reissued an outperform rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, April 29th. Sixteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of Hold and a consensus price target of $148.40.

Expedia Group Trading Up 0.6 %

EXPE stock opened at $116.02 on Friday. Expedia Group has a 52 week low of $88.81 and a 52 week high of $160.05. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.35 and a beta of 1.83. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The business has a fifty day simple moving average of $133.43 and a 200-day simple moving average of $135.60.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. On average, equities research analysts expect that Expedia Group will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in shares of Expedia Group by 22.3% in the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock worth $7,162,000 after acquiring an additional 8,595 shares during the period. International Assets Investment Management LLC boosted its position in shares of Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after buying an additional 21,095 shares during the period. Raymond James & Associates boosted its position in shares of Expedia Group by 6.4% during the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after buying an additional 15,759 shares during the period. AustralianSuper Pty Ltd increased its position in Expedia Group by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock valued at $54,018,000 after acquiring an additional 43,820 shares during the period. Finally, AQR Capital Management LLC raised its stake in Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after acquiring an additional 56,186 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.