Expedia Group (NASDAQ:EXPE) Stock Rating Lowered by BidaskClub

Expedia Group (NASDAQ:EXPE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, May 7th, BidAskClub reports.

A number of other research analysts have also recently issued reports on EXPE. Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Tuesday, January 8th. Morgan Stanley cut Expedia Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $150.00 to $125.00 in a research report on Wednesday, January 9th. Vertical Group began coverage on Expedia Group in a research report on Thursday, January 31st. They set a “positive” rating for the company. SunTrust Banks reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Monday, February 4th. Finally, Bank of America reiterated a “buy” rating and set a $148.00 target price (up previously from $142.00) on shares of Expedia Group in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the stock. Expedia Group currently has a consensus rating of “Buy” and a consensus price target of $145.55.

Shares of EXPE stock traded down $1.10 on Tuesday, reaching $115.00. 1,207,020 shares of the stock were exchanged, compared to its average volume of 1,615,521. The company has a market cap of $17.08 billion, a P/E ratio of 23.91, a PEG ratio of 1.64 and a beta of 0.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a one year low of $108.11 and a one year high of $139.77.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.34. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the firm earned ($0.36) earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Expedia Group will post 5.75 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. North Star Investment Management Corp. acquired a new stake in shares of Expedia Group in the 1st quarter valued at $25,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Expedia Group during the 1st quarter valued at $28,000. Liberty Wealth Management LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at $32,000. Legacy Bridge LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at $35,000. Finally, JOYN Advisors Inc. boosted its holdings in shares of Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. 82.10% of the stock is currently owned by institutional investors and hedge funds.

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, 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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