Expedia Group (NASDAQ:EXPE) Price Target Cut to $134.00

Expedia Group (NASDAQ:EXPE) had its target price decreased by research analysts at Barclays from $138.00 to $134.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target points to a potential upside of 3.07% from the company’s current price.

A number of other equities research analysts also recently weighed in on EXPE. DA Davidson reaffirmed a “neutral” rating and set a $135.00 price objective (down previously from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. BTIG Research decreased their target price on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Wedbush upped their target price on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, TD Cowen decreased their target price on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.92.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $12.04 during trading on Friday, reaching $130.01. 6,092,480 shares of the company’s stock traded hands, compared to its average volume of 2,451,472. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. Expedia Group has a 12 month low of $92.48 and a 12 month high of $160.05. The company has a 50 day moving average of $125.31 and a 200-day moving average of $129.50. The stock has a market capitalization of $17.72 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the transaction, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC increased its stake in shares of Expedia Group by 4,525.0% during the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group during the 4th quarter worth $26,000. Innealta Capital LLC acquired a new position in shares of Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. increased its stake in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Expedia Group during the 1st quarter worth $40,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.