Expedia Group (NASDAQ:EXPE) Price Target Cut to $125.00

Expedia Group (NASDAQ:EXPE) had its price objective reduced by Susquehanna from $145.00 to $125.00 in a research report released on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the online travel company’s stock.

A number of other research firms have also commented 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. Benchmark reiterated a buy rating and issued a $180.00 price target on shares of Expedia Group in a report on Friday, May 3rd. Wells Fargo & Company dropped their price objective on shares of Expedia Group from $149.00 to $137.00 and set an equal weight rating on the stock in a report on Friday, May 3rd. DA Davidson reaffirmed a neutral rating and issued a $135.00 target price (down from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Finally, Wedbush dropped 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, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $149.12.

Expedia Group Trading Up 0.9 %

EXPE opened at $112.53 on Monday. The firm’s fifty day moving average is $132.00 and its two-hundred day moving average is $135.40. The firm has a market cap of $15.34 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. Expedia Group has a twelve month low of $88.81 and a twelve month high of $160.05. 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 issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Equities research analysts anticipate that Expedia Group will post 9.7 EPS for the current 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 $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently modified their holdings of the stock. ValueAct Holdings L.P. bought a new position in Expedia Group in the 4th quarter valued at about $645,346,000. Boston Partners increased its stake in shares of Expedia Group by 1.3% during the third quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock worth $264,627,000 after purchasing an additional 32,191 shares during the period. Norges Bank acquired a new stake in Expedia Group during the 4th quarter worth approximately $334,632,000. Lyrical Asset Management LP boosted its stake in Expedia Group by 0.8% in the 4th quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after purchasing an additional 13,792 shares during the period. Finally, Northern Trust Corp grew its holdings in Expedia Group by 1.5% in the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock valued at $160,564,000 after buying an additional 22,518 shares in the last quarter. 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.