Deutsche Bank Aktiengesellschaft Downgrades Expedia Group (NASDAQ:EXPE) to Hold

Expedia Group (NASDAQ:EXPE - Get Free Report) was downgraded by Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a note issued to investors on Friday, Marketbeat.com reports.

Several other equities analysts have also recently issued reports on EXPE. UBS Group boosted their target price on Expedia Group from $137.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Friday, November 1st. Bank of America boosted their price target on Expedia Group from $144.00 to $166.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Truist Financial began coverage on Expedia Group in a research note on Friday, September 6th. They issued a "hold" rating and a $148.00 price target for the company. Finally, DA Davidson reiterated a "neutral" rating and set a $135.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Twenty 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $159.88.

Expedia Group Price Performance

Shares of EXPE stock traded up $6.63 during trading hours on Friday, reaching $180.76. The company had a trading volume of 4,870,854 shares, compared to its average volume of 2,184,719. The stock has a fifty day moving average of $148.31 and a 200-day moving average of $132.84. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $23.53 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 0.62 and a beta of 1.78. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. On average, equities analysts anticipate that Expedia Group will post 8.99 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred 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 completion of the sale, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,019 shares of company stock worth $6,958,891. Insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently made changes to their positions in the business. Empirical Finance LLC raised its stake in Expedia Group by 3.2% during the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company's stock worth $703,000 after acquiring an additional 157 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company's stock worth $549,000 after buying an additional 579 shares during the period. LSV Asset Management purchased a new stake in shares of Expedia Group in the first quarter valued at approximately $8,361,000. Oppenheimer Asset Management Inc. grew its position in shares of Expedia Group by 36.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,037 shares of the online travel company's stock worth $1,796,000 after buying an additional 3,496 shares in the last quarter. Finally, Forsta AP Fonden increased its position in Expedia Group by 7.8% during the 1st quarter. Forsta AP Fonden now owns 37,500 shares of the online travel company's stock valued at $5,166,000 after purchasing an additional 2,700 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.