Expedia Group (NASDAQ:EXPE) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a report published on Monday, Benzinga reports. Cantor Fitzgerald currently has a $130.00 price target on the online travel company’s stock.

EXPE has been the subject of a number of other reports. StockNews.com raised Expedia Group from a buy rating to a strong-buy rating in a research report on Thursday, September 26th. Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They set a hold rating and a $148.00 target price on the stock. TD Cowen lowered shares of Expedia Group from a buy rating to a hold rating and boosted their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. 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 research report on Friday, August 9th. Finally, UBS Group dropped their price objective on shares of Expedia Group from $140.00 to $137.00 and set a neutral rating for the company in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $149.73.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $147.76 on Monday. The firm has a market cap of $20.14 billion, a PE ratio of 27.67, a P/E/G ratio of 0.56 and a beta of 1.79. Expedia Group has a twelve month low of $92.48 and a twelve month high of $160.05. The business has a 50-day moving average price of $134.03 and a 200 day moving average price of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts predict that Expedia Group will post 8.98 earnings per share for the current fiscal year.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,019 shares of company stock valued at $3,888,391. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its position in Expedia Group by 80.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after acquiring an additional 7,270 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Expedia Group by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after purchasing an additional 6,432 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 shares during the period. Swedbank AB boosted its holdings in Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after buying an additional 8,026 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after buying an additional 1,996 shares during the period. 90.76% of the stock is currently 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.