Expedia Group (NASDAQ:EXPE) Given “Hold” Rating at Bank of America

Bank of America reaffirmed their hold rating on shares of Expedia Group (NASDAQ:EXPE) in a research note published on Thursday, TipRanks reports. The firm currently has a $92.00 price target on the online travel company’s stock.

Several other research firms have also commented on EXPE. SunTrust Banks restated a buy rating and set a $137.00 price target on shares of Expedia Group in a research report on Thursday. Raymond James lowered their price target on Expedia Group from $136.00 to $80.00 and set an outperform rating for the company in a research report on Wednesday, April 29th. DA Davidson raised their price target on Expedia Group from $70.00 to $77.00 and gave the stock a neutral rating in a research report on Thursday. Morgan Stanley raised their price target on Expedia Group from $130.00 to $140.00 and gave the stock an equal weight rating in a research report on Friday, February 14th. Finally, Wedbush raised their price target on Expedia Group from $117.00 to $121.00 and gave the stock a neutral rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have assigned a buy rating to the stock. Expedia Group currently has an average rating of Hold and a consensus price target of $103.81.

Expedia Group stock traded down $2.57 during mid-day trading on Thursday, hitting $77.01. The company’s stock had a trading volume of 11,953,400 shares, compared to its average volume of 4,144,067. The firm has a market capitalization of $11.14 billion, a PE ratio of -16.24 and a beta of 1.54. Expedia Group has a 1 year low of $40.76 and a 1 year high of $144.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $63.62 and its two-hundred day moving average is $92.43.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing the consensus estimate of ($1.58) by ($0.25). Expedia Group had a positive return on equity of 9.26% and a negative net margin of 5.43%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, equities analysts expect that Expedia Group will post -3.93 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Carroll Financial Associates Inc. increased its position in shares of Expedia Group by 76.2% during the first quarter. Carroll Financial Associates Inc. now owns 458 shares of the online travel company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of Expedia Group by 1,041.7% during the fourth quarter. Citizens Financial Group Inc RI now owns 274 shares of the online travel company’s stock worth $30,000 after purchasing an additional 250 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Expedia Group during the first quarter worth about $32,000. Legacy Bridge LLC increased its position in shares of Expedia Group by 384.6% during the fourth quarter. Legacy Bridge LLC now owns 315 shares of the online travel company’s stock worth $34,000 after purchasing an additional 250 shares in the last quarter. Finally, Capital Bank & Trust Co increased its position in shares of Expedia Group by 3,447.4% during the first quarter. Capital Bank & Trust Co now owns 674 shares of the online travel company’s stock worth $38,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.

Expedia Group Company Profile

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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