Cantor Fitzgerald Reaffirms Neutral Rating for Expedia Group (NASDAQ:EXPE)

Cantor Fitzgerald reaffirmed their neutral rating on shares of Expedia Group (NASDAQ:EXPE) in a research note issued to investors on Monday, Benzinga reports. They currently have a $130.00 price objective on the online travel company’s stock.

Other equities analysts have also recently issued research reports about the company. Benchmark reissued a buy rating and set a $180.00 price target on shares of Expedia Group in a report on Friday, August 9th. Piper Sandler restated a neutral rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. BTIG Research raised their price objective on Expedia Group from $150.00 to $175.00 and gave the company a buy rating in a research note on Friday, September 27th. DA Davidson restated a neutral rating and issued a $135.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Finally, Truist Financial assumed coverage on Expedia Group in a research note on Friday, September 6th. They issued a hold rating and a $148.00 target price on the stock. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $150.85.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $150.86 on Monday. Expedia Group has a 52 week low of $92.48 and a 52 week high of $160.05. The firm has a fifty day moving average of $136.39 and a two-hundred day moving average of $129.24. 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 stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.60 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The firm had revenue of $3.56 billion during 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 business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 EPS. As a group, equities research analysts predict that Expedia Group will post 8.98 EPS for the current year.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the sale, the director now owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,019 shares of company stock valued at $5,390,191 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after buying an additional 88 shares during the period. Bleakley Financial Group LLC increased its position in shares of Expedia Group by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock valued at $279,000 after acquiring an additional 99 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of Expedia Group by 0.8% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 12,035 shares of the online travel company’s stock worth $1,827,000 after acquiring an additional 100 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its position in shares of Expedia Group by 7.1% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.