Expedia Group (NASDAQ:EXPE) Given “Neutral” Rating at DA Davidson

DA Davidson reissued their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research note published on Friday morning, Benzinga reports. The firm currently has a $135.00 price target on the online travel company’s stock, down from their previous price target of $152.00.

Several other analysts have also recently commented on EXPE. Piper Sandler cut shares of Expedia Group from an overweight rating to a neutral rating and decreased their price target for the stock from $175.00 to $145.00 in a report on Friday. Royal Bank of Canada lowered their price target on shares of Expedia Group from $155.00 to $140.00 and set a sector perform rating on the stock in a report on Friday. Benchmark reiterated a buy rating and set a $180.00 price objective on shares of Expedia Group in a report on Friday. StockNews.com upgraded Expedia Group from a hold rating to a buy rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on Expedia Group from $115.00 to $136.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Expedia Group currently has a consensus rating of Hold and a consensus target price of $148.08.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded down $20.76 during mid-day trading on Friday, reaching $115.33. The company had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The company has a 50-day moving average price of $134.23 and a two-hundred day moving average price 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. The stock has a market cap of $15.72 billion, a PE ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. Expedia Group has a 1-year low of $87.94 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating 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. On average, equities analysts anticipate that Expedia Group will post 9.7 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

Institutional investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group boosted its stake in Expedia Group by 34.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,729 shares of the online travel company’s stock valued at $651,000 after buying an additional 1,221 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Expedia Group in the 1st quarter worth approximately $889,000. FORA Capital LLC lifted its stake in shares of Expedia Group by 6.0% during the first quarter. FORA Capital LLC now owns 60,178 shares of the online travel company’s stock valued at $8,290,000 after acquiring an additional 3,424 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Expedia Group by 2.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 15,454 shares of the online travel company’s stock valued at $2,129,000 after purchasing an additional 298 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in Expedia Group in the first quarter valued at approximately $66,000. 90.76% of the stock is currently 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.