UBS Group Lowers Expedia Group (NASDAQ:EXPE) Price Target to $170.00

Expedia Group (NASDAQ:EXPE) had its price objective dropped by equities researchers at UBS Group from $194.00 to $170.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. UBS Group’s price target suggests a potential upside of 6.15% from the stock’s previous close.

A number of other brokerages also recently issued reports on EXPE. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Citigroup increased their price target on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial lifted their price target on Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, March 12th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $191.89.

Expedia Group Stock Down 0.7 %

EXPE stock opened at $160.15 on Monday. The company has a market capitalization of $20.64 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group has a 12 month low of $107.25 and a 12 month high of $207.73. The firm’s fifty day simple moving average is $167.11 and its 200-day simple moving average is $175.42. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. As a group, equities research analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several hedge funds have recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the 4th quarter worth approximately $27,000. SRH Advisors LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the fourth quarter valued at $28,000. Grove Bank & Trust boosted its holdings in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in Expedia Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.