Expedia Group, Inc. (NASDAQ:EXPE) Receives Average Rating of “Hold” from Brokerages

Expedia Group, Inc. (NASDAQ:EXPE) has been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $147.70.

A number of equities analysts have weighed in on EXPE shares. JPMorgan Chase & Co. lowered their price objective on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Evercore ISI lowered their price objective on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. B. Riley lowered their price objective on Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. BMO Capital Markets restated a “market perform” rating and issued a $145.00 target price on shares of Expedia Group in a research report on Wednesday, May 15th. Finally, Barclays reduced their target price on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, May 6th.

Expedia Group Stock Performance

NASDAQ EXPE opened at $112.12 on Thursday. The stock’s fifty day moving average is $124.56 and its two-hundred day moving average is $130.42. The firm has a market capitalization of $15.28 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Independence Bank of Kentucky acquired a new position in shares of Expedia Group during the 4th quarter worth about $538,000. UMB Bank n.a. boosted its position in shares of Expedia Group by 84.7% during the 4th quarter. UMB Bank n.a. now owns 654 shares of the online travel company’s stock worth $99,000 after acquiring an additional 300 shares in the last quarter. GAM Holding AG boosted its position in shares of Expedia Group by 1.2% during the 4th quarter. GAM Holding AG now owns 48,825 shares of the online travel company’s stock worth $7,411,000 after acquiring an additional 560 shares in the last quarter. KRS Capital Management LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $212,000. Finally, International Assets Investment Management LLC boosted its position in shares of Expedia Group by 115.8% during the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

About Expedia Group

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.