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

Expedia Group (NASDAQ:EXPE) had its target price decreased by Stifel Nicolaus from $135.00 to $125.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a “hold” rating on the online travel company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 24.09% from the company’s previous close.

EXPE has been the topic of several other research reports. TheStreet upgraded shares of Expedia Group from a “c+” rating to an “a-” rating in a research report on Thursday, July 25th. Barclays reiterated a “buy” rating and set a $151.00 price objective on shares of Expedia Group in a research report on Wednesday, October 16th. Credit Suisse Group cut their price objective on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating on the stock in a research report on Thursday. BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Expedia Group from $155.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday. Nineteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $144.52.

Shares of EXPE traded up $2.44 on Thursday, reaching $100.73. The company’s stock had a trading volume of 171,113 shares, compared to its average volume of 1,274,967. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $20.20 billion, a P/E ratio of 20.94, a PEG ratio of 1.68 and a beta of 1.09. The stock’s 50 day simple moving average is $134.66 and its two-hundred day simple moving average is $129.48. Expedia Group has a 12-month low of $97.05 and a 12-month high of $144.00.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.18). The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.57 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.65 EPS. Analysts expect that Expedia Group will post 5.72 earnings per share for the current year.

In related news, insider Robert J. Dzielak sold 9,222 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the completion of the sale, the insider now directly owns 36,029 shares of the company’s stock, valued at approximately $4,870,760.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the sale, the insider now directly owns 8,009 shares of the company’s stock, valued at $1,024,591.37. The disclosure for this sale can be found here. Insiders sold a total of 111,946 shares of company stock valued at $14,878,704 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Gerstein Fisher lifted its position in shares of Expedia Group by 1.7% in the third quarter. Gerstein Fisher now owns 7,490 shares of the online travel company’s stock valued at $881,000 after acquiring an additional 124 shares in the last quarter. Natixis Asset Management increased its stake in Expedia Group by 19.9% during the third quarter. Natixis Asset Management now owns 4,952 shares of the online travel company’s stock worth $583,000 after acquiring an additional 823 shares during the last quarter. Reynolds Capital Management increased its stake in Expedia Group by 103.8% during the fourth quarter. Reynolds Capital Management now owns 5,300 shares of the online travel company’s stock worth $659,000 after acquiring an additional 2,700 shares during the last quarter. Creative Planning increased its stake in Expedia Group by 59.4% during the fourth quarter. Creative Planning now owns 2,798 shares of the online travel company’s stock worth $348,000 after acquiring an additional 1,043 shares during the last quarter. Finally, ExxonMobil Investment Management increased its stake in Expedia Group by 14.9% during the fourth quarter. ExxonMobil Investment Management now owns 26,380 shares of the online travel company’s stock worth $3,279,000 after acquiring an additional 3,413 shares during the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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