Evercore ISI Trims Expedia Group (NASDAQ:EXPE) Target Price to $175.00

Expedia Group (NASDAQ:EXPE) had its price objective cut by Evercore ISI from $190.00 to $175.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the online travel company’s stock.

EXPE has been the topic of several other reports. Wedbush reduced their target price on Expedia Group from $130.00 to $125.00 and set a neutral rating on the stock in a report on Friday. BMO Capital Markets downgraded shares of Expedia Group from an outperform rating to a market perform rating and reduced their price target for the company from $165.00 to $145.00 in a research note on Friday. Jefferies Financial Group lowered their target price on Expedia Group from $150.00 to $145.00 and set a hold rating for the company in a report on Tuesday, March 19th. Bank of America downgraded shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 price target for the company. in a research note on Friday, February 9th. Finally, Mizuho lowered their price objective on Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research report on Friday. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of Hold and an average price target of $148.40.

Expedia Group Stock Up 0.6 %

EXPE stock opened at $116.02 on Friday. Expedia Group has a fifty-two week low of $88.81 and a fifty-two week high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.35 and a beta of 1.83. The business’s fifty day moving average price is $133.43 and its two-hundred day moving average price is $135.60.

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 41.63%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. On average, equities analysts anticipate that Expedia Group will post 9.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.07% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC boosted its holdings in Expedia Group by 8.9% during the 3rd quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock worth $371,000 after acquiring an additional 294 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Expedia Group by 35.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock valued at $1,783,000 after purchasing an additional 4,505 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Expedia Group by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,635 shares of the online travel company’s stock worth $8,311,000 after purchasing an additional 2,390 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Expedia Group by 105.2% during the third quarter. Brown Advisory Inc. now owns 33,257 shares of the online travel company’s stock worth $3,428,000 after purchasing an additional 17,050 shares during the last quarter. Finally, Forsta AP Fonden grew its position in Expedia Group by 24.3% in the 3rd quarter. Forsta AP Fonden now owns 78,200 shares of the online travel company’s stock worth $8,060,000 after purchasing an additional 15,300 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

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.