Expedia Group (NASDAQ:EXPE) Downgraded by Piper Jaffray Companies to Neutral
Expedia Group (NASDAQ:EXPE) was downgraded by Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $124.00 target price on the online travel company’s stock, down from their prior target price of $160.00. Piper Jaffray Companies’ target price points to a potential upside of 22.38% from the company’s current price.
A number of other equities research analysts have also issued reports on EXPE. Bank of America reissued a “buy” rating and issued a $160.00 price target (up previously from $153.00) on shares of Expedia Group in a report on Friday, July 26th. DA Davidson set a $162.00 price target on shares of Expedia Group and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup set a $140.00 price target on shares of Expedia Group and gave the stock a “hold” rating in a report on Friday, July 26th. Barclays reissued a “buy” rating and issued a $151.00 price target on shares of Expedia Group in a report on Wednesday, October 16th. Finally, TheStreet raised shares of Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. Nineteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $144.52.
NASDAQ EXPE traded up $3.03 on Thursday, hitting $101.32. The stock had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The firm has a 50-day moving average of $133.97 and a 200-day moving average of $129.36. Expedia Group has a 52-week low of $97.05 and a 52-week high of $144.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76.
In other news, insider Lance A. Soliday sold 2,724 shares of Expedia Group stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the sale, the insider now owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now directly owns 477,677 shares in the company, valued at approximately $63,521,487.46. The disclosure for this sale can be found here. Insiders have sold a total of 111,946 shares of company stock worth $14,878,704 in the last ninety days. Insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lenox Wealth Advisors LLC lifted its position in Expedia Group by 113.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after acquiring an additional 102 shares during the period. WealthStone Inc. purchased a new position in Expedia Group during the 2nd quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new position in Expedia Group during the 2nd quarter valued at about $28,000. Signaturefd LLC lifted its position in Expedia Group by 75.8% during the 3rd quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 119 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in Expedia Group during the 2nd quarter valued at about $41,000. 81.09% of the stock is owned by institutional investors.
About Expedia Group
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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