Expedia Group’s (EXPE) “Neutral” Rating Reaffirmed at DA Davidson

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reaffirmed by DA Davidson in a note issued to investors on Thursday,Benzinga reports. They presently have a $294.00 price target on the online travel company’s stock. DA Davidson’s price objective would indicate a potential upside of 5.23% from the stock’s current price.

A number of other analysts have also recently commented on EXPE. Citigroup boosted their price target on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. BMO Capital Markets boosted their target price on Expedia Group from $205.00 to $250.00 in a report on Friday, November 7th. Mizuho increased their target price on Expedia Group from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Wedbush lifted their price target on Expedia Group from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Robert W. Baird upped their price target on shares of Expedia Group from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $265.78.

Expedia Group Stock Up 1.9%

EXPE traded up $5.32 on Thursday, hitting $279.39. The company had a trading volume of 1,248,498 shares, compared to its average volume of 2,057,012. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $34.23 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.18 and a beta of 1.44. The stock has a fifty day simple moving average of $237.29 and a 200-day simple moving average of $207.62. Expedia Group has a 52-week low of $130.01 and a 52-week high of $282.96.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the business earned $6.13 EPS. Expedia Group’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Activity

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $30,000. Spire Wealth Management increased its holdings in Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after buying an additional 80 shares during the period. Rossby Financial LCC raised its stake in Expedia Group by 103.8% in the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares in the last quarter. GFG Capital LLC purchased a new stake in Expedia Group during the second quarter worth $29,000. Finally, SOA Wealth Advisors LLC. bought a new stake in Expedia Group during the 3rd quarter valued at $36,000. 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.