Royal Bank of Canada Trims Expedia Group (NASDAQ:EXPE) Target Price to $140.00

Expedia Group (NASDAQ:EXPE) had its price target lowered by research analysts at Royal Bank of Canada from $155.00 to $140.00 in a report issued on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the online travel company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 21.39% from the stock’s previous close.

A number of other research firms have also recently commented on EXPE. BMO Capital Markets cut Expedia Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $165.00 to $145.00 in a research report on Friday. Piper Sandler downgraded shares of Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $145.00 in a research note on Friday. The Goldman Sachs Group raised their target price on shares of Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a report on Friday, February 9th. Finally, StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $148.08.

Expedia Group Price Performance

Expedia Group stock opened at $115.33 on Friday. The firm has a market capitalization of $15.72 billion, a PE ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. Expedia Group has a 52 week low of $87.94 and a 52 week high of $160.05. The firm’s 50-day simple moving average is $133.81 and its 200 day simple moving average is $134.96. 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 released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. On average, equities research analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors have recently made changes to their positions in EXPE. International Assets Investment Management LLC grew its position in shares of Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after buying an additional 21,095 shares in the last quarter. Raymond James & Associates grew its holdings in Expedia Group by 6.4% during the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after acquiring an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Expedia Group by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after purchasing an additional 43,820 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Expedia Group by 7.9% in the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after purchasing an additional 56,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position 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 worth $8,305,000 after purchasing an additional 13,797 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.