Expedia Group (NASDAQ:EXPE) Given New $132.00 Price Target at HSBC

Expedia Group (NASDAQ:EXPE) had its price objective cut by HSBC from $166.00 to $132.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a hold rating on the online travel company’s stock.

A number of other equities research analysts have also weighed in on the company. B. Riley dropped their price target on Expedia Group from $200.00 to $190.00 and set a buy rating on the stock in a research note on Friday, May 3rd. Benchmark restated a buy rating and set a $180.00 price target on shares of Expedia Group in a research note on Friday, May 3rd. Mizuho dropped their price target on Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Jefferies Financial Group dropped their target price on Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, March 19th. Finally, Barclays cut their price target on shares of Expedia Group from $158.00 to $138.00 and set an equal weight rating on the stock in a report on Monday. Sixteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of Hold and an average target price of $149.12.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $112.91 on Tuesday. Expedia Group has a one year low of $88.81 and a one year high of $160.05. The company has a market capitalization of $15.39 billion, a PE ratio of 21.14, a P/E/G ratio of 0.35 and a beta of 1.83. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.78 and a current ratio of 0.79. The company has a 50-day simple moving average of $132.97 and a two-hundred day simple moving average of $135.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results 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 return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Research analysts expect that Expedia Group will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the 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 transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in Expedia Group during the fourth quarter valued at $26,000. City State Bank lifted its holdings in Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $32,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.