Expedia Group (NASDAQ:EXPE) Rating Reiterated by Cantor Fitzgerald

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They currently have a $130.00 price target on the online travel company’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 12.11% from the stock’s previous close.

Several other analysts have also weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Truist Financial began coverage on Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective on the stock. Susquehanna lifted their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Finally, DA Davidson restated a “neutral” rating and set a $135.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Eighteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $148.00.

Expedia Group Stock Performance

EXPE opened at $147.92 on Monday. The firm has a market capitalization of $20.16 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The stock’s 50 day moving average price is $132.34 and its two-hundred day moving average price is $128.18. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the firm earned $2.34 EPS. Expedia Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that Expedia Group will post 8.98 earnings per share for the current year.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Expedia Group during the fourth quarter worth $26,000. ORG Partners LLC grew its stake in shares of Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after purchasing an additional 181 shares during the period. Innealta Capital LLC acquired a new stake in shares of Expedia Group during the second quarter worth $27,000. Blue Trust Inc. grew its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares during the period. Finally, Crewe Advisors LLC acquired a new position in Expedia Group in the first quarter valued at about $40,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

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.