Needham Assigns a Hold Rating on Expedia (EXPE)

Needham analyst Brad Erickson assigned a Hold rating to Expedia (EXPEResearch Report) today. The company’s shares closed last Wednesday at $79.58.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 7.0% and a 51.2% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.

Currently, the analyst consensus on Expedia is a Moderate Buy with an average price target of $90.11, representing a 14.8% upside. In a report issued on May 19, Merrill Lynch also reiterated a Hold rating on the stock with a $88.00 price target.

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The company has a one-year high of $144.00 and a one-year low of $40.76. Currently, Expedia has an average volume of 4.97M.

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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.