TD Cowen Upgrades Expedia Group (NASDAQ:EXPE) to Hold

Expedia Group (NASDAQ:EXPE) was upgraded by stock analysts at TD Cowen to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities research analysts have also recently weighed in on EXPE. Robert W. Baird set a $335.00 price target on Expedia Group in a report on Thursday, August 6th. Rosenblatt Securities initiated coverage on Expedia Group in a report on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price objective for the company. Truist Financial raised their target price on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Barclays boosted their price target on Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $370.00 price target on Expedia Group in a report on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $316.79.

Expedia Group Stock Down 2.1%

Expedia Group stock opened at $286.97 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group has a one year low of $185.34 and a one year high of $342.00. The company has a 50-day simple moving average of $297.86 and a 200-day simple moving average of $258.73. The firm has a market capitalization of $34.44 billion, a P/E ratio of 17.89, a P/E/G ratio of 0.72 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $4.24 EPS. As a group, equities analysts expect that Expedia Group will post 17.15 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 3,003 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the sale, the insider owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,950 shares of company stock valued at $3,881,995. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Bancorp Inc ME bought a new position in shares of Expedia Group during the 2nd quarter valued at about $28,000. Elevation Wealth Partners LLC raised its holdings in shares of Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Cache Advisors LLC bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $48,000. CENTRAL TRUST Co lifted its stake in Expedia Group by 1,147.1% during the first quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 195 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Expedia Group by 35.2% during the fourth quarter. Covestor Ltd now owns 219 shares of the online travel company’s stock valued at $62,000 after purchasing an additional 57 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.