Expedia Group (EXPE) Lowered to Neutral at Citigroup

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Expedia Group (NASDAQ:EXPE) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

A number of other equities research analysts also recently commented on EXPE. Vertical Group initiated coverage on Expedia Group in a research report on Thursday, January 31st. They issued a “positive” rating on the stock. SunTrust Banks restated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research report on Monday, February 4th. Bank of America restated a “buy” rating and issued a $148.00 target price (up previously from $142.00) on shares of Expedia Group in a research report on Tuesday, February 5th. BidaskClub upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Finally, Zacks Investment Research raised Expedia Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company. Expedia Group presently has an average rating of “Buy” and a consensus target price of $146.90.

Shares of Expedia Group stock opened at $116.71 on Thursday. Expedia Group has a one year low of $108.11 and a one year high of $139.77. The company has a market cap of $17.29 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.66 and a beta of 0.96. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the business posted ($0.36) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts predict that Expedia Group will post 5.75 earnings per share for the current year.

In other news, insider Mark D. Okerstrom sold 5,531 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $126.66, for a total transaction of $700,556.46. Following the completion of the transaction, the insider now directly owns 70,532 shares of the company’s stock, valued at approximately $8,933,583.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.96% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Allstate Corp acquired a new position in shares of Expedia Group during the 1st quarter worth about $268,000. Advisory Services Network LLC boosted its position in shares of Expedia Group by 35.4% during the 1st quarter. Advisory Services Network LLC now owns 4,362 shares of the online travel company’s stock worth $519,000 after acquiring an additional 1,140 shares in the last quarter. OTA Financial Group L.P. acquired a new position in shares of Expedia Group during the 1st quarter worth about $1,371,000. Nordea Investment Management AB boosted its position in shares of Expedia Group by 387.2% during the 1st quarter. Nordea Investment Management AB now owns 36,712 shares of the online travel company’s stock worth $4,369,000 after acquiring an additional 29,176 shares in the last quarter. Finally, Thomasville National Bank boosted its position in shares of Expedia Group by 3.4% during the 1st quarter. Thomasville National Bank now owns 45,006 shares of the online travel company’s stock worth $5,356,000 after acquiring an additional 1,467 shares in the last quarter. 94.54% of the stock is owned by institutional investors and hedge funds.

About Expedia Group

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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