Expedia Group (NASDAQ:EXPE) Receives “Neutral” Rating from Cantor Fitzgerald

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $130.00 price target on the online travel company’s stock. Cantor Fitzgerald’s target price would suggest a potential downside of 11.24% from the stock’s previous close.

EXPE has been the subject of a number of other reports. Susquehanna raised their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Wells Fargo & Company cut their price objective on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wedbush raised their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, BTIG Research raised their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Nineteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $149.73.

Expedia Group Stock Down 1.0 %

Shares of EXPE opened at $146.47 on Monday. Expedia Group has a 52-week low of $92.48 and a 52-week high of $160.05. The company has a market capitalization of $19.96 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. The stock has a fifty day simple moving average of $133.65 and a two-hundred day simple moving average of $128.60. 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 (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 the consensus estimate of $3.53 billion. During the same period last year, the company earned $2.34 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that Expedia Group will post 8.98 EPS for the current year.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the 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 sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The disclosure for this sale can be found here. Insiders sold 28,019 shares of company stock valued at $3,888,391 over the last quarter. Insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of Expedia Group by 80.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after buying an additional 7,270 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Expedia Group by 1.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after purchasing an additional 6,432 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expedia Group by 18.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after acquiring an additional 23,939 shares in the last quarter. Swedbank AB increased its stake in Expedia Group by 5.0% in the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after buying an additional 8,026 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Expedia Group by 33.7% in the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.