Argus Downgrades Expedia Group (EXPE) to Hold

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Argus cut shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a hold rating in a research note published on Wednesday morning, BenzingaRatingsTable reports.

A number of other research analysts have also weighed in on the company. BidaskClub lowered Expedia Group from a sell rating to a strong sell rating in a research report on Monday, May 20th. Needham & Company LLC began coverage on Expedia Group in a research report on Monday, May 20th. They set a hold rating for the company. Susquehanna Bancshares restated a neutral rating and set a $141.00 price objective (down previously from $170.00) on shares of Expedia Group in a research report on Monday, May 6th. Barclays restated a buy rating and set a $145.00 price objective on shares of Expedia Group in a research report on Monday, May 6th. Finally, Telsey Advisory Group set a $125.00 price objective on Expedia Group and gave the company a hold rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $145.55.

Shares of Expedia Group stock opened at $115.92 on Wednesday. The stock has a market cap of $17.06 billion, a PE ratio of 24.10, a PEG ratio of 1.66 and a beta of 0.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a twelve month low of $108.11 and a twelve month high of $139.77.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.34. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.36) earnings per share. Analysts anticipate that Expedia Group will post 5.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.10%. Expedia Group’s dividend payout ratio is currently 26.61%.

In related news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the completion of the transaction, the insider now owns 70,532 shares in the company, valued at $8,933,583.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.96% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new stake in Expedia Group in the first quarter worth about $25,000. Rockefeller Capital Management L.P. bought a new stake in Expedia Group in the first quarter worth about $28,000. Liberty Wealth Management LLC bought a new stake in Expedia Group in the fourth quarter worth about $32,000. Legacy Bridge LLC bought a new stake in Expedia Group in the fourth quarter worth about $35,000. Finally, JOYN Advisors Inc. lifted its stake in Expedia Group by 53.0% in the fourth quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 94.54% of the company’s stock.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Read More: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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