Expedia Group (NASDAQ:EXPE) Upgraded to “Hold” at TD Cowen

Expedia Group (NASDAQ:EXPE) was upgraded by investment analysts at TD Cowen to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company upped their price target on Expedia Group from $303.00 to $307.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Evercore set a $430.00 target price on shares of Expedia Group in a report on Monday, August 24th. Susquehanna boosted their target price on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $285.00 price target on shares of Expedia Group in a research report on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $316.79.

Expedia Group Stock Down 2.1%

EXPE stock opened at $286.97 on Monday. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The business’s 50 day moving average price is $297.86 and its two-hundred day moving average price is $258.73. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $34.44 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25.

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

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction that occurred on 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 sale, the director owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 3,003 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider directly owned 103,829 shares of the company’s stock, valued at $32,706,135. This trade represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company’s stock.

Institutional Trading of Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter worth $861,979,000. Deutsche Bank AG boosted its position in shares of Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after buying an additional 456,176 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after buying an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock worth $274,948,000 after buying an additional 17,378 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Expedia Group by 13.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after buying an additional 125,749 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.