Expedia Group (NASDAQ:EXPE) Price Target Cut to $130.00

Expedia Group (NASDAQ:EXPE) had its price objective dropped by equities research analysts at TD Cowen from $165.00 to $130.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. TD Cowen’s price target would indicate a potential upside of 12.72% from the stock’s previous close.

Several other research firms have also commented on EXPE. Mizuho dropped their price objective on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday. Piper Sandler lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $175.00 to $145.00 in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, Jefferies Financial Group dropped their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, March 19th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.08.

Expedia Group Trading Down 15.3 %

Shares of EXPE traded down $20.76 during trading hours on Friday, reaching $115.33. 13,945,655 shares of the company traded hands, compared to its average volume of 2,575,065. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The company’s fifty day moving average price is $134.23 and its two-hundred day moving average price is $134.85. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last posted 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 net margin of 6.21% and a return on equity of 35.79%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Equities research analysts predict that Expedia Group will post 9.7 earnings per share 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 the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Expedia Group in the fourth quarter worth approximately $26,000. City State Bank boosted its position in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares during the period. CVA Family Office LLC bought a new position in shares of Expedia Group in the fourth quarter worth approximately $32,000. Parkside Financial Bank & Trust boosted its position in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Finally, MV Capital Management Inc. boosted its position in shares of Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares during the period. 90.76% of the stock is currently owned by institutional investors.

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.