Expedia Group (NASDAQ:EXPE) Price Target Cut to $130.00 by Analysts at TD Cowen

Expedia Group (NASDAQ:EXPE) had its price target trimmed by TD Cowen from $165.00 to $130.00 in a report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the online travel company’s stock.

EXPE has been the topic of several other reports. Royal Bank of Canada lowered their price objective on Expedia Group from $155.00 to $140.00 and set a sector perform rating on the stock in a report on Friday. B. Riley dropped their price target on Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a research report on Friday. Benchmark restated a buy rating and issued a $180.00 price objective on shares of Expedia Group in a report on Friday. Evercore ISI reduced their target price on shares of Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a research report on Friday. Finally, Oppenheimer restated an outperform rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, April 29th. Sixteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $148.40.

Expedia Group Stock Up 0.6 %

Expedia Group stock opened at $116.02 on Friday. Expedia Group has a 12 month low of $88.81 and a 12 month high of $160.05. The stock has a market capitalization of $15.81 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. 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 business has a 50 day simple moving average of $133.43 and a 200-day simple moving average of $135.60.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share 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 41.63%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. On average, analysts anticipate that Expedia Group will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. purchased a new position in Expedia Group in the 4th quarter valued at approximately $26,000. ORG Partners LLC increased its holdings in Expedia Group by 4,525.0% in the first 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 last quarter. City State Bank raised its stake 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 purchased a new stake in Expedia Group during the 4th quarter worth about $32,000. Finally, MV Capital Management Inc. boosted 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 worth $48,000 after acquiring an additional 245 shares in the last quarter. 90.76% of the stock is currently 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.