Expedia Group (NASDAQ:EXPE) Downgraded by BMO Capital Markets to Market Perform

BMO Capital Markets lowered shares of Expedia Group (NASDAQ:EXPE) from an outperform rating to a market perform rating in a research report released on Friday, MarketBeat.com reports. They currently have $145.00 price objective on the online travel company’s stock, down from their prior price objective of $165.00.

Several other research firms also recently issued reports on EXPE. Benchmark boosted their price objective on shares of Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Wedbush restated a neutral rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday, April 18th. Bank of America downgraded shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 price objective on the stock. in a report on Friday, February 9th. Jefferies Financial Group decreased their target price on shares of Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research report on Friday, January 19th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of Hold and an average target price of $148.08.

Expedia Group Stock Performance

EXPE traded down $20.76 during midday trading on Friday, reaching $115.33. The company’s stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. Expedia Group has a twelve month low of $87.94 and a twelve month high of $160.05. The stock has a market cap of $15.72 billion, a P/E ratio of 21.60, a PEG ratio of 0.42 and a beta of 1.83. The company has a fifty day simple moving average of $134.23 and a 200 day simple moving average of $134.85. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Research analysts expect that Expedia Group will post 9.7 earnings per share for the current year.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after buying an additional 21,095 shares during the period. Raymond James & Associates lifted its holdings in Expedia Group by 6.4% in the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after buying an additional 15,759 shares during the period. AustralianSuper Pty Ltd lifted its holdings in Expedia Group by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock valued at $54,018,000 after buying an additional 43,820 shares during the period. AQR Capital Management LLC lifted its holdings in Expedia Group by 7.9% in the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after buying an additional 56,186 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Expedia Group by 20.7% in the third quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock valued at $8,305,000 after buying an additional 13,797 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.