Expedia Group (NASDAQ:EXPE) Price Target Cut to $190.00

Expedia Group (NASDAQ:EXPE) had its target price decreased by equities researchers at B. Riley from $200.00 to $190.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. B. Riley’s price objective points to a potential upside of 64.74% from the stock’s current price.

A number of other research firms have also issued reports on EXPE. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. The Goldman Sachs Group raised their price objective on shares of Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Wedbush cut their price target on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $148.08.

Expedia Group Trading Down 15.3 %

NASDAQ EXPE opened at $115.33 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.42 and a beta of 1.83. The firm has a 50 day simple moving average of $133.81 and a 200-day simple moving average of $134.96. Expedia Group has a one year low of $87.94 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) 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 38.69%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Equities research 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 the firm’s stock in a transaction that occurred 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 approximately $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently made changes to their positions in EXPE. Harbor Capital Advisors Inc. grew its position in Expedia Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock worth $773,000 after buying an additional 75 shares during the period. Hohimer Wealth Management LLC grew its holdings in shares of Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after acquiring an additional 78 shares during the period. Parallel Advisors LLC raised its holdings in Expedia Group by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after purchasing an additional 80 shares during the last quarter. Private Advisor Group LLC boosted its position in Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in Expedia Group by 5.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.