Expedia Group (NASDAQ:EXPE) Price Target Lowered to $175.00 at Evercore ISI

Expedia Group (NASDAQ:EXPE) had its price target lowered by investment analysts at Evercore ISI from $190.00 to $175.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the online travel company’s stock. Evercore ISI’s price target would indicate a potential upside of 51.74% from the company’s previous close.

EXPE has been the subject of a number of other reports. Wells Fargo & Company dropped their target price on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. The Goldman Sachs Group boosted their target price on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Jefferies Financial Group decreased their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. Wedbush dropped their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Friday. Finally, B. Riley lowered their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Friday. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $148.08.

Expedia Group Stock Down 15.3 %

Shares of EXPE opened at $115.33 on Friday. The business’s 50 day simple moving average is $133.81 and its 200-day simple moving average is $134.96. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The company has a market capitalization of $15.72 billion, a P/E ratio of 21.60, a PEG 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.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS 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 company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. As a group, sell-side analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 in the company, valued at $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. acquired a new position in Expedia Group during the fourth quarter valued at approximately $26,000. City State Bank raised its stake in shares of Expedia Group by 157.3% during 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 acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew its stake in shares of 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 buying an additional 218 shares in the last quarter. Finally, MV Capital Management Inc. increased its holdings in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares during 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.