Expedia Group (NASDAQ:EXPE) PT Lowered to $130.00

Expedia Group (NASDAQ:EXPE) had its target price reduced by equities research analysts at TD Cowen from $165.00 to $130.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. TD Cowen’s target price suggests a potential upside of 12.72% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Jefferies Financial Group decreased their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, BMO Capital Markets cut shares of Expedia Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $165.00 to $145.00 in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $148.08.

Expedia Group Stock Down 15.3 %

Expedia Group stock traded down $20.76 during midday trading on Friday, reaching $115.33. The company’s stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The business has a 50-day simple moving average of $133.81 and a 200-day simple moving average of $134.96. The company has a market cap of $15.72 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last issued 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. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. On average, research analysts expect that Expedia Group will post 9.7 earnings per share for the current fiscal 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 that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in shares of Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after purchasing an additional 21,095 shares during the last quarter. Raymond James & Associates increased its position in Expedia Group by 6.4% during the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after buying an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Expedia Group by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after acquiring an additional 43,820 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Expedia Group by 7.9% in the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after acquiring an additional 56,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Expedia Group by 20.7% during the third quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock valued at $8,305,000 after acquiring an additional 13,797 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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.