Expedia Group Inc (NASDAQ:EXPE) Receives Consensus Recommendation of “Buy” from Analysts

Expedia Group Inc (NASDAQ:EXPE) has been assigned an average recommendation of “Buy” from the thirty-three brokerages that are covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $148.43.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Argus cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. Susquehanna Bancshares assumed coverage on shares of Pinterest in a report on Monday, May 6th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Piper Jaffray Companies raised their target price on shares of Marvell Technology Group from $22.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd.

A number of large investors have recently made changes to their positions in the stock. Pettyjohn Wood & White Inc. increased its stake in Expedia Group by 0.9% in the first quarter. Pettyjohn Wood & White Inc. now owns 11,806 shares of the online travel company’s stock valued at $1,405,000 after acquiring an additional 100 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Expedia Group by 2.8% in the first quarter. Duncker Streett & Co. Inc. now owns 3,670 shares of the online travel company’s stock valued at $437,000 after buying an additional 100 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Expedia Group by 1.0% in the first quarter. Commonwealth Bank of Australia now owns 9,706 shares of the online travel company’s stock valued at $1,149,000 after buying an additional 100 shares in the last quarter. Markston International LLC boosted its position in Expedia Group by 4.4% in the first quarter. Markston International LLC now owns 2,565 shares of the online travel company’s stock valued at $305,000 after buying an additional 109 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Expedia Group by 0.9% in the first quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after buying an additional 109 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group stock traded up $1.63 during trading hours on Tuesday, hitting $136.37. The company had a trading volume of 1,200,576 shares, compared to its average volume of 1,549,366. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.91 and a beta of 1.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group has a one year low of $108.11 and a one year high of $139.77. The business’s 50-day moving average is $127.73.

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

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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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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