Expedia Group (NASDAQ:EXPE) Upgraded at Wall Street Zen

Key Points

• Expedia Group has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting improved analyst sentiment.
• The company's average price target among analysts is $188.92, with recent price objectives ranging from $165.00 to $200.00.
• Expedia Group's latest earnings report revealed a missed EPS estimate of $0.40, falling short of the consensus of $0.42, despite a year-over-year revenue increase of 3.4%.

Expedia Group (NASDAQ:EXPE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Monday.

A number of other equities research analysts also recently issued reports on EXPE. Wells Fargo & Company increased their price objective on shares of Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Morgan Stanley increased their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Susquehanna reduced their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $188.92.

Expedia Group Trading Down 1.6%

Shares of NASDAQ:EXPE opened at $187.34 on Monday. The business's 50 day simple moving average is $172.39 and its 200 day simple moving average is $172.55. Expedia Group has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $23.81 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.90 and a beta of 1.57.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $27,000. McClarren Financial Advisors Inc. acquired a new position in Expedia Group in the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. GFG Capital LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth approximately $29,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Expedia Group in the 2nd quarter valued at $31,000. Institutional investors and hedge funds 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.

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