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

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

EXPE has been the topic of several other reports. Oppenheimer reissued an outperform rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. StockNews.com raised shares of Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. BMO Capital Markets downgraded shares of Expedia Group from an outperform rating to a market perform rating and reduced their target price for the stock from $165.00 to $145.00 in a research note on Friday. Wedbush decreased their target price on shares of Expedia Group from $130.00 to $125.00 and set a neutral rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $115.00 to $136.00 and gave the stock a neutral rating in a report on Friday, February 9th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $148.08.

Expedia Group Stock Down 15.3 %

Expedia Group stock opened at $115.33 on Friday. The business has a 50 day simple moving average of $133.81 and a 200-day simple moving average of $135.45. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The stock has a market capitalization of $15.72 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. 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 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 business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. On average, analysts anticipate that Expedia Group will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group 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 in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its stake in shares of 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 valued at $773,000 after buying an additional 75 shares during the period. Hohimer Wealth Management LLC lifted its position in Expedia Group by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after buying an additional 78 shares during the period. Parallel Advisors LLC grew its holdings in Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after buying an additional 80 shares during the period. Private Advisor Group LLC boosted its position in shares of Expedia Group by 0.4% in the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after acquiring an additional 87 shares during 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 period. Institutional investors and hedge funds 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.