Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) head Jonathan L. Dolgen sold 1,000 shares in a trade dated Wednesday, September 7. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following the transaction, the administrator now owns 37,779 shares of the company, valued at $3,836,457.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
Expedia Group Price Performance
Shares of Expedia Group rose $2.95 during Friday’s trading, hitting $107.93. 28,020 shares of the company were traded, against an average volume of 2,037,392. The company has a debt ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.85. Expedia Group, Inc. has a 1-year minimum of $88.70 and a 1-year maximum of $217.72. The company has a market capitalization of $17.01 billion, a P/E ratio of 52.23, a PEG ratio of 1.46 and a beta of 1.58. The company’s 50-day moving average price is $102.55 and its 200-day moving average price is $137.43.
Expedia Group (NASDAQ:EXPE – Get Rating) last released its quarterly results on Thursday, August 4. The online travel company reported EPS of $1.96 for the quarter, beating analyst consensus estimates of $1.57 by $0.39. Expedia Group achieved a return on equity of 22.14% and a net margin of 4.26%. The company posted revenue of $3.18 billion in the quarter, compared to analysts’ expectations of $2.99 billion. In the same quarter of the previous year, the company achieved EPS of ($1.77). Expedia Group revenue increased 50.7% year-over-year. As a group, research analysts expect Expedia Group, Inc. to post earnings per share of 5.09 for the current year.
Analyst upgrades and downgrades
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. cut its price target on Expedia Group from $206.00 to $125.00 and set a “neutral” rating for the company in a Wednesday, June 29 research note. Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a Wednesday, May 18 research note. BTIG Research reduced its price target on Expedia Group from $235.00 to $150.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Susquehanna reduced its price target on Expedia Group from $145.00 to $115.00 and set a “neutral” rating for the company in a Friday, August 12 research note. Finally, UBS Group raised its price target on Expedia Group from $108.00 to $112.00 and gave the stock a “neutral” rating in a Friday, August 19 research note. Fourteen research analysts rated the stock with a hold rating and twelve gave the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.69.
Hedge funds weigh on Expedia Group
A number of institutional investors have recently changed their holdings in EXPE. Capital Wealth Alliance LLC acquired a new stake in Expedia Group during the 2nd quarter for a value of $12,058,000. The Bank of Nova Scotia increased its position in Expedia Group by 5,265.1% during the 1st quarter. The Bank of Nova Scotia now owns 1,504,849 shares of the online travel company worth $294,454,000 after acquiring an additional 1,476,800 shares in the last quarter. Third Point LLC purchased a new stake in Expedia Group during the 4th quarter for a value of $236,266,000. Arrowstreet Capital Limited Partnership increased its position in Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company worth $375,888,000 after acquiring an additional 1,251,933 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Expedia Group by 727.0% during the second quarter. Renaissance Technologies LLC now owns 1,423,993 shares of the online travel company worth $135,037,000 after acquiring an additional 1,251,800 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s shares.
Expedia Group Company Profile
(Get a rating)
Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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