Expedia Group (NASDAQ:EXPE) Price Target Cut to $125.00

Expedia Group (NASDAQ:EXPE) had its price target cut by Wedbush from $130.00 to $125.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group dropped their price target 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. StockNews.com raised Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. Benchmark raised their price objective on shares of Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. The Goldman Sachs Group upped their target price on Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research note on Friday, January 19th. Finally, Piper Sandler lowered Expedia Group from an overweight rating to a neutral rating and decreased their price target for the stock from $175.00 to $145.00 in a research note on Friday. Sixteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $148.40.

Expedia Group Stock Performance

NASDAQ EXPE opened at $116.02 on Friday. The stock has a market capitalization of $15.81 billion, a PE ratio of 21.73, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a 1-year low of $88.81 and a 1-year high of $160.05. The business has a 50 day simple moving average of $133.43 and a two-hundred day simple moving average of $135.60. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping 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 company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. On average, research analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on 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 sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Expedia Group by 26.6% during the 1st quarter. Empowered Funds LLC now owns 53,090 shares of the online travel company’s stock valued at $7,313,000 after acquiring an additional 11,160 shares during the period. LSV Asset Management acquired a new position in Expedia Group during the first quarter valued at $8,361,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Expedia Group by 17.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock valued at $549,000 after purchasing an additional 579 shares during the last quarter. Empirical Finance LLC grew its position in Expedia Group by 3.2% during the 1st quarter. Empirical Finance LLC now owns 5,101 shares of the online travel company’s stock worth $703,000 after purchasing an additional 157 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 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.