In a report released today, Jed Kelly from Oppenheimer maintained a Hold rating on Expedia (EXPE). The company’s shares closed last Thursday at $84.93.
According to TipRanks.com, Kelly is a 5-star analyst with an average return of 12.2% and a 51.4% success rate. Kelly covers the Technology sector, focusing on stocks such as Paypal Holdings, Black Knight, and Corelogic.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $95.18 average price target.
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Based on Expedia’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.21 billion and GAAP net loss of $1.3 billion. In comparison, last year the company earned revenue of $2.61 billion and had a GAAP net loss of $103 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year.
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Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.
