Expedia Group (NASDAQ:EXPE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday, BidAskClub reports.

EXPE has been the topic of several other research reports. JMP Securities lifted their price target on Expedia Group from $100.00 to $115.00 in a research note on Tuesday, September 8th. ValuEngine raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Zacks Investment Research downgraded Expedia Group from a “hold” rating to a “sell” rating and set a $84.00 price target on the stock. in a research note on Tuesday, August 4th. Mizuho lifted their price target on Expedia Group from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, DA Davidson raised their price objective on Expedia Group from $77.00 to $85.00 in a report on Tuesday, August 18th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Expedia Group currently has an average rating of “Hold” and an average price target of $102.67.

Shares of Expedia Group stock opened at $90.71 on Friday. The company has a market capitalization of $12.81 billion, a PE ratio of -7.99 and a beta of 1.65. Expedia Group has a 12 month low of $40.76 and a 12 month high of $139.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.75. The stock’s fifty day simple moving average is $95.67 and its 200 day simple moving average is $81.84.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 30th. The online travel company reported ($4.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.76) by ($0.66). The business had revenue of $566.00 million for the quarter, compared to analyst estimates of $577.00 million. Expedia Group had a negative return on equity of 6.99% and a negative net margin of 17.09%. Analysts predict that Expedia Group will post -8.1 EPS for the current fiscal year.

In related news, CAO Lance A. Soliday sold 750 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $87.94, for a total value of $65,955.00. Following the sale, the chief accounting officer now owns 6,091 shares of the company’s stock, valued at $535,642.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in shares of Expedia Group by 134.9% during the 2nd quarter. FMR LLC now owns 4,201,409 shares of the online travel company’s stock valued at $345,355,000 after acquiring an additional 2,412,743 shares during the period. Manning & Napier Group LLC boosted its holdings in Expedia Group by 58.8% in the 2nd quarter. Manning & Napier Group LLC now owns 2,469,255 shares of the online travel company’s stock worth $202,972,000 after buying an additional 914,181 shares during the period. Fir Tree Capital Management LP bought a new position in Expedia Group in the 2nd quarter worth approximately $56,792,000. Ardevora Asset Management LLP purchased a new stake in Expedia Group in the 2nd quarter worth approximately $43,248,000. Finally, Shannon River Fund Management LLC purchased a new stake in Expedia Group in the 2nd quarter worth approximately $37,081,000. 94.25% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company worldwide. It operates through four segments: Core Online Travel Agencies, Trivago, Vrbo, and Egencia. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Expedia Partner Solutions, a business-to-business brand that provides travel offerings for various airlines and hotels, online and offline travel agencies, loyalty and corporate travel companies, and various consumer brands; and Egencia, which provides corporate travel management services.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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