Expedia Group (NASDAQ:EXPE) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $155.00 to $130.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 29.06% from the stock’s current price.
A number of other research analysts have also recently weighed in on EXPE. Piper Jaffray Companies cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $124.00 in a research note on Thursday. Credit Suisse Group dropped their target price on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank of Canada dropped their target price on shares of Expedia Group to $142.00 and set an “average” rating on the stock in a research note on Thursday. Oppenheimer set a $160.00 target price on shares of Expedia Group and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $135.00 target price on shares of Expedia Group in a research note on Friday, July 26th. Nineteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Expedia Group presently has an average rating of “Hold” and a consensus price target of $144.52.
Expedia Group stock traded up $2.44 during midday trading on Thursday, hitting $100.73. 171,113 shares of the stock were exchanged, compared to its average volume of 1,274,967. Expedia Group has a 52-week low of $97.05 and a 52-week high of $144.00. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The business’s 50-day moving average price is $134.66 and its 200-day moving average price is $129.48. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.71.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.18). Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm posted $3.65 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Expedia Group will post 5.72 earnings per share for the current fiscal year.
In related news, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the sale, the insider now owns 36,029 shares of the company’s stock, valued at approximately $4,870,760.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now directly owns 477,677 shares in the company, valued at approximately $63,521,487.46. The disclosure for this sale can be found here. Insiders have sold a total of 111,946 shares of company stock worth $14,878,704 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Expedia Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,335,351 shares of the online travel company’s stock worth $1,640,972,000 after buying an additional 268,465 shares during the last quarter. Par Capital Management Inc. increased its stake in shares of Expedia Group by 19.4% in the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock worth $1,265,066,000 after acquiring an additional 1,545,373 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Expedia Group by 5.2% during the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after purchasing an additional 407,604 shares in the last quarter. 81.09% of the stock is currently owned by institutional investors and hedge funds.
About Expedia Group
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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