Expedia Group (NASDAQ:EXPE) Downgraded by Wall Street Zen to "Hold"

Expedia Group (NASDAQ:EXPE - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other research firms have also weighed in on EXPE. Susquehanna lowered their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Bank of America upped their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Barclays upped their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Wedbush reiterated a "neutral" rating and issued a $165.00 target price (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $186.08.

Expedia Group Trading Up 2.4%

Shares of EXPE traded up $3.96 during trading hours on Friday, reaching $170.76. 1,866,135 shares of the company traded hands, compared to its average volume of 1,903,842. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.80 and a beta of 1.59. Expedia Group has a 12-month low of $110.20 and a 12-month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock's fifty day moving average price is $164.74 and its 200 day moving average price is $173.28.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. AG2R LA Mondiale Gestion D Actifs purchased a new stake in Expedia Group in the first quarter valued at approximately $831,000. Stanley Capital Management LLC lifted its stake in Expedia Group by 26.3% during the 1st quarter. Stanley Capital Management LLC now owns 81,630 shares of the online travel company's stock valued at $13,722,000 after acquiring an additional 17,000 shares during the period. 1248 Management LLC acquired a new stake in Expedia Group during the 1st quarter valued at approximately $81,000. First Hawaiian Bank lifted its stake in Expedia Group by 222.8% during the 1st quarter. First Hawaiian Bank now owns 9,514 shares of the online travel company's stock valued at $1,599,000 after acquiring an additional 6,567 shares during the period. Finally, Anderson Financial Strategies LLC lifted its stake in Expedia Group by 10.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 8,354 shares of the online travel company's stock valued at $1,404,000 after acquiring an additional 762 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Company Profile

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.