Expedia Group’s (EXPE) Neutral Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research report report published on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $130.00 price objective on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. Truist Financial initiated coverage on Expedia Group in a research note on Friday, September 6th. They set a hold rating and a $148.00 price objective on the stock. Benchmark restated a buy rating and issued a $180.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Wells Fargo & Company cut their price objective on shares of Expedia Group from $140.00 to $130.00 and set an equal weight rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reissued a sector perform rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Finally, Barclays reduced their price target on Expedia Group from $138.00 to $134.00 and set an equal weight rating for the company in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Expedia Group has an average rating of Hold and a consensus price target of $148.77.

Expedia Group Price Performance

EXPE stock opened at $148.48 on Monday. The company has a market cap of $20.24 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a 50-day moving average price of $132.54 and a two-hundred day moving average price of $128.30. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the business earned $2.34 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts predict that Expedia Group will post 8.98 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at $1,159,000. New Wave Wealth Advisors LLC purchased a new position in Expedia Group during the second quarter valued at approximately $201,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Expedia Group by 22.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 170,655 shares of the online travel company’s stock valued at $21,501,000 after acquiring an additional 30,744 shares in the last quarter. Delphi Management Inc. MA grew its stake in Expedia Group by 10.6% in the second quarter. Delphi Management Inc. MA now owns 14,125 shares of the online travel company’s stock valued at $1,780,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Aurora Investment Counsel increased its holdings in Expedia Group by 33.2% in the second quarter. Aurora Investment Counsel now owns 14,644 shares of the online travel company’s stock worth $1,845,000 after buying an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.