Expedia Group (NASDAQ:EXPE) Upgraded by Rosenblatt Securities to “Hold” Rating

Expedia Group (NASDAQ:EXPE) was upgraded by investment analysts at Rosenblatt Securities to a “hold” rating in a report released on Monday, Zacks reports.

EXPE has been the subject of several other reports. Bank of America reissued a “buy” rating on shares of Expedia Group in a report on Thursday, August 6th. Susquehanna boosted their price objective on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. B. Riley Financial raised their price objective on shares of Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price objective on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $318.71.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $304.23 on Monday. The firm has a market capitalization of $36.51 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.78 and a beta of 1.25. Expedia Group has a 52 week low of $185.34 and a 52 week high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The firm’s 50 day moving average is $292.19 and its two-hundred day moving average is $252.31.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the company earned $4.24 earnings per share. Expedia Group’s quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts forecast that Expedia Group will post 17.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,004 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. This represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares of the company’s stock, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,652 shares of company stock worth $4,977,561. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXPE. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new position in Expedia Group in the 4th quarter valued at $26,000. First Bancorp Inc ME purchased a new position in shares of Expedia Group during the 2nd quarter worth $28,000. Sunbelt Securities Inc. boosted its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.