Expedia Group (EXPE) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Expedia Group (NASDAQ:EXPE) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other research firms also recently commented on EXPE. SunTrust Banks reaffirmed a buy rating and issued a $180.00 target price on shares of Expedia Group in a research report on Wednesday, September 5th. TheStreet downgraded Expedia Group from a b rating to a c+ rating in a research report on Wednesday, November 14th. Deutsche Bank decreased their target price on Expedia Group from $147.00 to $146.00 and set a buy rating on the stock in a research report on Tuesday, October 23rd. Oppenheimer set a $155.00 price target on Expedia Group and gave the stock a buy rating in a research report on Tuesday, October 23rd. Finally, Cowen set a $135.00 price target on Expedia Group and gave the stock a buy rating in a research report on Monday, October 22nd. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $146.52.

Expedia Group stock opened at $120.79 on Friday. Expedia Group has a 12 month low of $98.52 and a 12 month high of $139.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $18.02 billion, a PE ratio of 27.33, a PEG ratio of 1.61 and a beta of 1.18.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating the consensus estimate of $3.12 by $0.53. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. On average, analysts anticipate that Expedia Group will post 4.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Expedia Group’s dividend payout ratio is currently 34.41%.

In other Expedia Group news, insider Lance A. Soliday sold 3,281 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $119.28, for a total transaction of $391,357.68. Following the completion of the sale, the insider now directly owns 7,674 shares in the company, valued at $915,354.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.96% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Artisan Partners Limited Partnership lifted its stake in Expedia Group by 324.7% during the second quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock worth $654,539,000 after purchasing an additional 4,163,557 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Expedia Group by 1,515.8% during the third quarter. Renaissance Technologies LLC now owns 1,264,388 shares of the online travel company’s stock worth $164,977,000 after purchasing an additional 1,186,138 shares during the last quarter. Morgan Stanley lifted its stake in Expedia Group by 128.4% during the second quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock worth $117,678,000 after purchasing an additional 550,396 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Expedia Group by 1,374.8% during the third quarter. Thrivent Financial for Lutherans now owns 502,384 shares of the online travel company’s stock worth $65,551,000 after purchasing an additional 468,319 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its stake in Expedia Group by 25.2% during the third quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock worth $251,880,000 after purchasing an additional 389,022 shares during the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.

Expedia Group Company Profile

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, 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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