Expedia Group (NASDAQ:EXPE) Price Target Cut to $132.00 by Analysts at HSBC

Expedia Group (NASDAQ:EXPE) had its price target reduced by HSBC from $166.00 to $132.00 in a research report released on Tuesday, Benzinga reports. HSBC currently has a hold rating on the online travel company’s stock.

Other equities research analysts also recently issued research reports about the company. TD Cowen lowered their price target on Expedia Group from $165.00 to $130.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on Expedia Group from $149.00 to $137.00 and set an equal weight rating on the stock in a research report on Friday, May 3rd. The Goldman Sachs Group raised their price target on Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research report on Friday, January 19th. Barclays lowered their price target on Expedia Group from $158.00 to $138.00 and set an equal weight rating on the stock in a research report on Monday. Finally, Susquehanna lowered their price target on Expedia Group from $145.00 to $125.00 and set a neutral rating on the stock in a research report on Monday. Sixteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Expedia Group has a consensus rating of Hold and an average price target of $149.12.

Expedia Group Price Performance

NASDAQ:EXPE opened at $112.91 on Tuesday. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a 52-week low of $88.81 and a 52-week high of $160.05. The stock has a fifty day moving average of $132.97 and a 200 day moving average of $135.73. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.78 and a current ratio of 0.79.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. On average, research analysts expect that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following 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 SEC, which is accessible through this hyperlink. Insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently made changes to their positions in EXPE. ValueAct Holdings L.P. bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $645,346,000. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $334,632,000. Norden Group LLC bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $40,976,000. Kodai Capital Management LP bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Expedia Group by 242.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after acquiring an additional 185,880 shares in the last quarter. 90.76% of the stock is owned by 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.