Equities research analysts at Needham & Company LLC began coverage on shares of Expedia Group (NASDAQ:EXPE) in a note issued to investors on Monday, TipRanks reports. The firm set a “hold” rating on the online travel company’s stock.

Several other equities analysts have also issued reports on the stock. SunTrust Banks reissued a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a report on Monday, February 4th. Telsey Advisory Group set a $125.00 price target on shares of Expedia Group and gave the company a “hold” rating in a report on Friday, May 3rd. Vertical Group initiated coverage on shares of Expedia Group in a report on Thursday, January 31st. They issued a “positive” rating for the company. Bank of America reissued a “buy” rating and issued a $148.00 price target (up previously from $142.00) on shares of Expedia Group in a report on Tuesday, February 5th. Finally, Credit Suisse Group boosted their price objective on shares of Expedia Group from $145.00 to $150.00 in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. Expedia Group presently has an average rating of “Buy” and a consensus price target of $146.90.

Shares of EXPE stock traded up $0.22 on Monday, hitting $116.48. The stock had a trading volume of 2,262,837 shares, compared to its average volume of 1,633,851. Expedia Group has a twelve month low of $108.11 and a twelve month high of $139.77. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.34. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the business earned ($0.36) EPS. The firm’s revenue was up 4.0% on a year-over-year basis. Research analysts expect that Expedia Group will post 5.75 earnings per share for the current year.

In other Expedia Group news, insider Mark D. Okerstrom sold 5,531 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $126.66, for a total transaction of $700,556.46. Following the sale, the insider now directly owns 70,532 shares of the company’s stock, valued at approximately $8,933,583.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 1,635 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the sale, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The disclosure for this sale can be found here. Insiders have sold a total of 12,697 shares of company stock worth $1,615,775 over the last three months. Insiders own 20.96% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Allstate Corp bought a new stake in Expedia Group during the 1st quarter worth about $268,000. Advisory Services Network LLC lifted its position in Expedia Group by 35.4% during the 1st quarter. Advisory Services Network LLC now owns 4,362 shares of the online travel company’s stock worth $519,000 after buying an additional 1,140 shares in the last quarter. OTA Financial Group L.P. bought a new stake in Expedia Group during the 1st quarter worth about $1,371,000. Nordea Investment Management AB lifted its position in Expedia Group by 387.2% during the 1st quarter. Nordea Investment Management AB now owns 36,712 shares of the online travel company’s stock worth $4,369,000 after buying an additional 29,176 shares in the last quarter. Finally, Thomasville National Bank lifted its position in Expedia Group by 3.4% during the 1st quarter. Thomasville National Bank now owns 45,006 shares of the online travel company’s stock worth $5,356,000 after buying an additional 1,467 shares in the last quarter. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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