In yesterday’s Wall Street session, Expedia Group Inc (NASDAQ:EXPE) shares traded at $115.33, down -15.25% from the previous session.
EXPE stock price is now -14.10% away from the 50-day moving average and -8.62% away from the 200-day moving average. The market capitalization of the company currently stands at $15.28B.
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With the price target reduced from $175 to $145, Piper Sandler Downgraded its rating from Overweight to Neutral for Expedia Group Inc (NASDAQ: EXPE). On May 03, 2024, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $165 to quote $145, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Soliday Lance A, Chief Accounting Officer sold 2,778 shares of the company’s stock on Feb 29 ’24. The stock was sold for $379,188 at an average price of $136.50. Upon completion of the transaction, the Chief Accounting Officer now directly owns 11,005 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Chief Accounting Officer Soliday Lance A sold 5,119 shares of the business’s stock. A total of $702,361 was realized by selling the stock at an average price of $137.21. This leaves the insider owning 10,880 shares of the company worth $1.25 million. A total of 4.74% of the company’s stock is owned by insiders.
During the past 12 months, Expedia Group Inc has had a low of $87.94 and a high of $160.05. As of last week, the company has a debt-to-equity ratio of 7.37, a current ratio of 0.79, and a quick ratio of 0.79.
According to the Travel Services Company, earnings per share came in at 2.89, beating analysts’ expectations of 2.31 by 0.58. This compares to $1.14 EPS in the same period last year. The net profit margin was 6.18% and return on equity was 59.29% for EXPE. The company reported revenue of $2.89 billion for the quarter, compared to $2.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.28 percent. For the current quarter, analysts expect EXPE to generate $3.66B in revenue.
