TD Cowen Upgrades Expedia Group (NASDAQ:EXPE) to "Hold"

Key Points

• TD Cowen upgraded Expedia Group to “Hold,” while analysts overall maintain an average “Hold” rating and a consensus price target of $316.79.
• Expedia reported stronger-than-expected quarterly results, with EPS of $5.76 versus $5.22 expected and revenue of $4.32 billion, up 14% year over year.
• Insiders sold nearly $3.9 million of shares over the past 90 days, while hedge funds and other institutional investors own approximately 90.76% of EXPE.

Expedia Group (NASDAQ:EXPE - Get Free Report) was upgraded by equities research analysts at TD Cowen to a "hold" rating in a note issued to investors on Monday, Zacks reports.

EXPE has been the topic of a number of other reports. Truist Financial raised their price objective on Expedia Group from $246.00 to $309.00 and gave the company a "hold" rating in a report on Monday, August 3rd. BTIG Research upped their target price on Expedia Group from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Bank of America reiterated a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. Evercore set a $430.00 price objective on shares of Expedia Group in a report on Monday, August 24th. Finally, Wedbush boosted their price objective on shares of Expedia Group from $334.00 to $417.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Eighteen investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Expedia Group currently has an average rating of "Hold" and an average target price of $316.79.

Expedia Group Stock Performance

NASDAQ EXPE opened at $286.97 on Monday. Expedia Group has a 52-week low of $185.34 and a 52-week high of $342.00. The company has a fifty day moving average of $297.86 and a 200-day moving average of $258.73. The company has a market capitalization of $34.44 billion, a P/E ratio of 17.89, a P/E/G ratio of 0.72 and a beta of 1.25. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the business posted $4.24 earnings per share. The company's revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts predict that Expedia Group will post 17.15 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In related news, CAO Lance Soliday sold 2,810 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company's stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Craig Jacobson sold 3,133 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,950 shares of company stock worth $3,881,995. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently made changes to their positions in EXPE. First Bancorp Inc ME purchased a new stake in Expedia Group in the second quarter worth $28,000. Elevation Wealth Partners LLC increased its position in Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after purchasing an additional 131 shares during the period. Cache Advisors LLC purchased a new position in Expedia Group during the 1st quarter valued at $48,000. CENTRAL TRUST Co raised its holdings in Expedia Group by 1,147.1% in the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock worth $49,000 after purchasing an additional 195 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Expedia Group by 35.2% in the 4th quarter. Covestor Ltd now owns 219 shares of the online travel company's stock worth $62,000 after purchasing an additional 57 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.

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