Research Analysts’ Weekly Ratings Changes for Expedia Group (EXPE)

Several brokerages have updated their recommendations and price targets on shares of Expedia Group (NASDAQ: EXPE) in the last few weeks:

  • 1/14/2019 – Expedia Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $128.00 price target on the stock. According to Zacks, “Expedia is benefiting from its well performing HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com which are aiding its gross bookings and stayed room nights. This remains the key driver of its top-line growth. Additionally, the company’s strong initiatives toward expanding footprints in the domestic regions are driving its domestic stayed room nights. We believe Expedia’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio will also continue to aid the lodging revenues of Expedia. Estimates have been stable lately ahead of the company’s Q4 earnings release. However, sluggishness in the company’s trivago segment remains an overhang. Also, intensifying competition in the online travel space is a concern. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 1/10/2019 – Expedia Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Expedia is benefiting from its well performing HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com. All these are aiding the company’s gross bookings and stayed room nights which remain the key driver of its top-line growth. Additionally, the company’s strong initiatives toward strengthening footprints in the domestic regions are driving its domestic stayed room nights. This remains a tailwind. We believe Expedia’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio will also continue to aid the lodging revenues of Expedia. However, sluggishness in the company’s trivago segment remains an overhang. Also, intensifying competition in the online travel space is a concern. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 1/9/2019 – Expedia Group was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $125.00 price target on the stock, down previously from $150.00.
  • 1/8/2019 – Expedia Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $128.00 price target on the stock. According to Zacks, “Expedia is benefiting from its well performing HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com. All these are aiding the company’s gross bookings and stayed room nights which remain the key driver of its top-line growth. Additionally, the company’s strong initiatives toward strengthening footprints in the domestic regions are driving its domestic stayed room nights. This remains a tailwind. We believe Expedia’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio will also continue to aid the lodging revenues of Expedia. However, sluggishness in the company’s trivago segment remains an overhang. Also, intensifying competition in the online travel space is a concern. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 1/4/2019 – Expedia Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/4/2019 – Expedia Group was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $125.00.
  • 12/31/2018 – Expedia Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $122.00 price target on the stock. According to Zacks, “Expedia is benefiting from its well performing HomeAway, Brand Expedia, Expedia Partner Solutions and Hotels.com. All these are aiding the company’s gross bookings and stayed room nights which remain the key driver of its top-line growth. Additionally, the company’s strong initiatives toward strengthening footprints in the domestic regions are driving its domestic stayed room nights. This remains a tailwind. We believe Expedia’s strength in Core OTA, Brand Expedia, Hotels.com, Expedia Partner Solutions and Egencia will continue to benefit its market position. The expansion of global lodging portfolio will also continue to aid the lodging revenues of Expedia. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, sluggishness in the company’s trivago segment remains an overhang. Also, intensifying competition in the online travel space is a concern.”
  • 12/20/2018 – Expedia Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/30/2018 – Expedia Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/28/2018 – Expedia Group is now covered by analysts at Telsey Advisory Group. They set a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/21/2018 – Expedia Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Expedia Group stock opened at $116.00 on Thursday. Expedia Group Inc has a twelve month low of $98.52 and a twelve 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 stock has a market capitalization of $17.42 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.53. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. During the same period in the previous year, the firm posted $2.51 EPS. On average, equities analysts forecast that Expedia Group Inc will post 4.53 earnings per share for the current fiscal year.

In related news, insider Lance A. Soliday sold 3,281 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $119.28, for a total transaction of $391,357.68. Following the transaction, the insider now directly owns 7,674 shares in the company, valued at approximately $915,354.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.96% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Expedia Group by 0.3% during the 3rd quarter. BlackRock Inc. now owns 7,582,766 shares of the online travel company’s stock valued at $989,398,000 after purchasing an additional 20,780 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Expedia Group by 4.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,379,276 shares of the online travel company’s stock valued at $440,928,000 after purchasing an additional 152,165 shares during the last quarter. Winslow Capital Management LLC grew its holdings in Expedia Group by 25.2% during the 3rd quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock valued at $251,880,000 after purchasing an additional 389,022 shares during the last quarter. First Trust Advisors LP grew its holdings in Expedia Group by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 1,858,394 shares of the online travel company’s stock valued at $242,483,000 after purchasing an additional 30,761 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Expedia Group by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,339,279 shares of the online travel company’s stock valued at $160,968,000 after purchasing an additional 17,890 shares during the last quarter. Institutional investors own 79.58% of the company’s stock.

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.

See Also: How to execute a trade ex-dividend strategy?

Receive News & Ratings for Expedia Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit