Expedia Group (NASDAQ:EXPE) Price Target Cut to $135.00 by Analysts at Mizuho

Expedia Group (NASDAQ:EXPE) had its price objective lowered by analysts at Mizuho from $140.00 to $135.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. Mizuho’s target price would indicate a potential upside of 17.06% from the company’s previous close.

EXPE has been the subject of a number of other research reports. Piper Sandler cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $175.00 to $145.00 in a research report on Friday. Jefferies Financial Group lowered their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research report on Friday, February 9th. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company cut their price objective on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $148.08.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $115.33 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.83. The firm has a 50 day moving average of $133.81 and a 200 day moving average of $134.96. Expedia Group has a 52 week low of $87.94 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. The company 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, sell-side analysts predict 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 Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.07% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group in the 4th quarter valued at $26,000. City State Bank increased its holdings in Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Expedia Group in the fourth quarter worth about $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Expedia Group by 173.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after acquiring an additional 218 shares in the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Expedia Group by 335.6% during the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after acquiring an additional 245 shares during the period. 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.