B. Riley Lowers Expedia Group (NASDAQ:EXPE) Price Target to $190.00

Expedia Group (NASDAQ:EXPE) had its price target trimmed by B. Riley from $200.00 to $190.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the online travel company’s stock.

A number of other equities research analysts have also recently issued reports on EXPE. Royal Bank of Canada reiterated a sector perform rating and issued a $155.00 price objective on shares of Expedia Group in a report on Friday, February 9th. Piper Sandler downgraded Expedia Group from an overweight rating to a neutral rating and decreased their price target for the stock from $175.00 to $145.00 in a research note on Friday. Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a research note on Friday. Benchmark upped their target price on Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on Expedia Group from $115.00 to $136.00 and gave the company a neutral rating in a report on Friday, February 9th. Sixteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of Hold and an average price target of $148.40.

Expedia Group Stock Up 0.6 %

Shares of Expedia Group stock opened at $116.02 on Friday. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 0.35 and a beta of 1.83. The stock has a 50-day simple moving average of $133.43 and a 200-day simple moving average of $135.60. Expedia Group has a 52-week low of $88.81 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78.

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

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, 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 is available through this hyperlink. Insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC grew its stake in shares of Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new stake in Expedia Group in the fourth quarter valued at $26,000. City State Bank raised its stake in Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC acquired a new position in Expedia Group during the fourth quarter worth $32,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after acquiring an additional 218 shares during the period. 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.