Expedia Group's (EXPE) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Expedia Group (NASDAQ:EXPE - Free Report) in a report issued on Tuesday, Benzinga reports. Benchmark currently has a $180.00 price target on the online travel company's stock.

Several other analysts also recently commented on the stock. Jefferies Financial Group cut their price objective on shares of Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, March 19th. Barclays cut their price objective on shares of Expedia Group from $158.00 to $138.00 and set an equal weight rating on the stock in a research report on Monday, May 6th. BMO Capital Markets reissued a market perform rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Wedbush dropped their price target on shares of Expedia Group from $130.00 to $125.00 and set a neutral rating on the stock in a report on Friday, May 3rd. Finally, Royal Bank of Canada dropped their price target on shares of Expedia Group from $155.00 to $140.00 and set a sector perform rating on the stock in a report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $148.12.

Expedia Group Stock Up 0.3 %

Shares of Expedia Group stock traded up $0.36 during trading on Tuesday, hitting $122.86. The company's stock had a trading volume of 1,428,617 shares, compared to its average volume of 2,508,892. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day simple moving average of $120.67 and a two-hundred day simple moving average of $134.09. The company has a market capitalization of $16.74 billion, a PE ratio of 23.01, a P/E/G ratio of 0.47 and a beta of 1.78. Expedia Group has a 52 week low of $92.48 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.80 billion. Equities research analysts predict that Expedia Group will post 9.33 earnings per share for the current year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 544 shares of the firm's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company's stock, valued at approximately $1,268,382.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Craig A. Jacobson sold 6,722 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares of the company's stock, valued at $3,676,600.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 544 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company's stock, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. ValueAct Holdings L.P. purchased a new stake in Expedia Group in the fourth quarter valued at approximately $645,346,000. Norges Bank acquired a new position in Expedia Group during the fourth quarter worth $334,632,000. Lyrical Asset Management LP grew its holdings in Expedia Group by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company's stock worth $272,625,000 after acquiring an additional 13,792 shares during the period. Fisher Asset Management LLC grew its holdings in Expedia Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company's stock worth $218,521,000 after acquiring an additional 59,530 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Expedia Group by 3.1% during the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company's stock worth $133,800,000 after acquiring an additional 29,294 shares during the period. Hedge funds and other 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.