Expedia Group (NASDAQ:EXPE) Downgraded by BMO Capital Markets to Market Perform

BMO Capital Markets cut shares of Expedia Group (NASDAQ:EXPE) from an outperform rating to a market perform rating in a research report report published on Friday, MarketBeat reports. BMO Capital Markets currently has $145.00 price objective on the online travel company’s stock, down from their prior price objective of $165.00.

Several other brokerages have also recently issued reports on EXPE. Oppenheimer restated an outperform rating and issued a $175.00 target price on shares of Expedia Group in a report on Monday, April 29th. Jefferies Financial Group cut their target price on shares of Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a report on Tuesday, March 19th. Bank of America cut shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 target price on the stock. in a report on Friday, February 9th. Benchmark raised their target price on shares of Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Finally, Wells Fargo & Company cut their target price on shares of Expedia Group from $159.00 to $155.00 and set an equal weight rating on the stock in a report on Friday, February 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has an average rating of Hold and a consensus target price of $148.08.

Expedia Group Price Performance

EXPE traded down $20.76 on Friday, reaching $115.33. The company had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The business has a 50 day simple moving average of $134.23 and a 200 day simple moving average of $134.85. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. Expedia Group has a 52-week low of $87.94 and a 52-week high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. As a group, sell-side analysts anticipate that Expedia Group will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Expedia Group during the fourth quarter worth $26,000. City State Bank boosted its position in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Expedia Group during the fourth quarter worth $32,000. Parkside Financial Bank & Trust boosted its position in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after acquiring an additional 218 shares during the last quarter. Finally, MV Capital Management Inc. boosted its position in shares of Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after acquiring an additional 245 shares during the last quarter. Institutional investors 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.