Expedia Group (NASDAQ:EXPE) Price Target Cut to $230.00 by Analysts at Deutsche Bank Aktiengesellschaft

Expedia Group (NASDAQ:EXPE) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $244.00 to $230.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the online travel company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.29% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Argus cut their price target on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Bank of America increased their price target on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $300.00 in a research note on Monday, March 30th. The Goldman Sachs Group increased their price target on shares of Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Morgan Stanley increased their price target on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $284.42.

Expedia Group Stock Up 0.3%

NASDAQ:EXPE traded up $0.72 on Monday, hitting $218.45. 378,286 shares of the company’s stock were exchanged, compared to its average volume of 2,337,917. The firm has a 50-day moving average price of $238.81 and a 200-day moving average price of $249.58. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 52 week low of $156.05 and a 52 week high of $303.80. The company has a market cap of $26.77 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts expect that Expedia Group will post 16.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider owned 102,480 shares in the company, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $26,000. JFS Wealth Advisors LLC lifted its stake in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group during the fourth quarter worth about $29,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in Expedia Group during the third quarter worth about $30,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.