Expedia Group (NASDAQ:EXPE) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Expedia Group (NASDAQ:EXPE) posted its quarterly earnings results on Thursday. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22), Zacks reports. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%.

Expedia Group Stock Performance

Expedia Group stock traded up $2.84 during trading hours on Thursday, reaching $172.57. 3,251,658 shares of the company were exchanged, compared to its average volume of 1,687,231. Expedia Group has a 12 month low of $107.25 and a 12 month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a 50-day moving average of $182.31 and a 200 day moving average of $159.83. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 0.77 and a beta of 1.82.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,174,510 over the last 90 days. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPE shares. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $187.00 to $221.00 in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their target price on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Cantor Fitzgerald dropped their price target on Expedia Group from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Twenty investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.75.

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.