Expedia Group (NASDAQ:EXPE) Price Target Cut to $137.00 by Analysts at Wells Fargo & Company

Expedia Group (NASDAQ:EXPE) had its price target trimmed by Wells Fargo & Company from $149.00 to $137.00 in a report released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

Several other research firms have also issued reports on EXPE. JPMorgan Chase & Co. cut their target price on Expedia Group from $136.00 to $128.00 and set a neutral rating on the stock in a research note on Friday. Mizuho cut their price objective on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a research report on Friday. BMO Capital Markets cut shares of Expedia Group from an outperform rating to a market perform rating and decreased their target price for the company from $165.00 to $145.00 in a research report on Friday. Benchmark restated a buy rating and issued a $180.00 target price on shares of Expedia Group in a research note on Friday. Finally, Jefferies Financial Group lowered their target price on shares of Expedia Group from $150.00 to $145.00 and set a hold rating for the company in a research note on Tuesday, March 19th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $148.08.

Expedia Group Trading Down 15.3 %

NASDAQ:EXPE opened at $115.33 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50-day simple moving average of $133.81 and a 200-day simple moving average of $135.45. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The firm 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 (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Equities analysts anticipate 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 company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Expedia Group during the fourth quarter worth $26,000. City State Bank grew its stake in Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC acquired a new stake in Expedia Group in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust lifted its stake in Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Finally, MV Capital Management Inc. lifted its stake in Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares in 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.