Expedia Group (NASDAQ:EXPE) Price Target Lowered to $128.00 at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPE) had its price objective lowered by JPMorgan Chase & Co. from $136.00 to $128.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.99% from the stock’s current price.

EXPE has been the subject of a number of other reports. The Goldman Sachs Group increased their target price on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Wells Fargo & Company decreased their price objective on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Evercore ISI dropped their price objective on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday. Jefferies Financial Group decreased their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lowered shares of Expedia Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $165.00 to $145.00 in a research report on Friday. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $148.08.

Expedia Group Trading Down 15.3 %

Shares of NASDAQ EXPE traded down $20.76 during midday trading on Friday, reaching $115.33. 13,956,064 shares of the stock were exchanged, compared to its average volume of 1,820,841. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.35 and a beta of 1.83. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day simple moving average of $133.81 and a two-hundred day simple moving average of $134.96.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, equities research analysts expect that Expedia Group will post 9.7 EPS for the current year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.07% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group during the fourth quarter worth $26,000. City State Bank increased its holdings in Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. CVA Family Office LLC bought a new position in Expedia Group in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust raised its position in Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Finally, MV Capital Management Inc. boosted its stake in shares of Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.