Expedia Group (NASDAQ:EXPE) Stock Rating Reaffirmed by Needham & Company LLC

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Expedia Group (NASDAQ:EXPE)‘s stock had its “hold” rating restated by analysts at Needham & Company LLC in a report released on Thursday, AnalystRatings.com reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their target price on shares of Expedia Group from $142.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday. TheStreet cut shares of Expedia Group from a “b” rating to a “c+” rating in a research report on Monday, November 18th. Wells Fargo & Co cut shares of Expedia Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. SunTrust Banks reiterated a “buy” rating and set a $172.00 price target on shares of Expedia Group in a report on Thursday, November 21st. Finally, Credit Suisse Group lowered their price objective on Expedia Group from $164.00 to $159.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Expedia Group has an average rating of “Hold” and a consensus price target of $139.46.

NASDAQ:EXPE opened at $107.58 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 0.75. Expedia Group has a fifty-two week low of $93.53 and a fifty-two week high of $144.00. The company has a 50 day simple moving average of $114.87 and a two-hundred day simple moving average of $126.06. The company has a market capitalization of $15.59 billion, a PE ratio of 22.37, a P/E/G ratio of 1.61 and a beta of 0.99.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). Expedia Group had a return on equity of 13.45% and a net margin of 4.26%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $3.65 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that Expedia Group will post 5.04 EPS for the current year.

In related news, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the transaction, the insider now directly owns 36,029 shares of the company’s stock, valued at approximately $4,870,760.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $132.69, for a total value of $6,634,500.00. Following the completion of the transaction, the director now owns 477,677 shares in the company, valued at approximately $63,382,961.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,944 shares of company stock valued at $8,141,690. 2.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in shares of Expedia Group by 1,704.3% during the second quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after purchasing an additional 5,249,396 shares during the period. Par Capital Management Inc. increased its stake in Expedia Group by 19.4% during the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock valued at $1,265,066,000 after purchasing an additional 1,545,373 shares in the last quarter. DNB Asset Management AS increased its stake in Expedia Group by 2,126.8% during the 3rd quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock valued at $148,236,000 after purchasing an additional 1,053,337 shares in the last quarter. State Street Corp raised its holdings in Expedia Group by 16.5% during the third quarter. State Street Corp now owns 5,846,641 shares of the online travel company’s stock worth $785,847,000 after buying an additional 828,186 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Expedia Group during the second quarter worth $57,957,000. Hedge funds and other institutional investors own 92.67% 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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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