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

Deutsche Bank Aktiengesellschaft cut shares of Expedia Group (NASDAQ:EXPE) from a buy rating to a hold rating in a report issued on Friday, MarketBeat reports.

Other equities analysts have also issued reports about the stock. Susquehanna raised their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Bank of America increased their price target on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Citigroup upped their target price on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Twenty investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus target price of $159.88.

Expedia Group Stock Performance

Shares of EXPE stock opened at $180.76 on Friday. The stock’s 50-day moving average is $149.81 and its two-hundred day moving average is $133.46. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 0.67 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly 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. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. Analysts predict that Expedia Group will post 8.99 earnings per share for the current year.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,019 shares of company stock worth $6,958,891. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. acquired a new stake in shares of Expedia Group during the third quarter valued at $494,000. Altman Advisors Inc. lifted its holdings in Expedia Group by 1.5% in the 3rd quarter. Altman Advisors Inc. now owns 13,484 shares of the online travel company’s stock valued at $1,996,000 after purchasing an additional 194 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Expedia Group by 10.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,344 shares of the online travel company’s stock worth $199,000 after purchasing an additional 129 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Expedia Group by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company’s stock worth $2,051,000 after buying an additional 399 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Expedia Group in the third quarter valued at approximately $1,814,000. 90.76% of the stock is owned by institutional investors and hedge funds.

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.