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

Expedia Group (NASDAQ:EXPE) had its price target trimmed by Wedbush from $130.00 to $125.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the online travel company’s stock.

Several other research firms also recently commented on EXPE. BMO Capital Markets downgraded shares of Expedia Group from an outperform rating to a market perform rating and lowered their price objective for the stock from $165.00 to $145.00 in a research note on Friday. Wells Fargo & Company cut their price objective on Expedia Group from $159.00 to $155.00 and set an equal weight rating on the stock in a report on Friday, February 9th. Bank of America downgraded Expedia Group from a buy rating to a neutral rating and set a $156.00 target price for the company. in a report on Friday, February 9th. Mizuho cut their price target on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Expedia Group from $115.00 to $136.00 and gave the company 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 stock. According to MarketBeat, Expedia Group currently has an average rating of Hold and a consensus target price of $148.08.

Expedia Group Price Performance

Shares of EXPE opened at $115.33 on Friday. The company has a 50 day moving average price of $133.81 and a 200-day moving average price of $135.45. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market capitalization of $15.72 billion, a PE ratio of 21.60, a PEG ratio of 0.35 and a beta of 1.83. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05.

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

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 SEC, which is available at this hyperlink. 8.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently bought and sold shares of EXPE. SVB Wealth LLC boosted its stake in Expedia Group by 8.9% during the 3rd quarter. SVB Wealth LLC now owns 3,598 shares of the online travel company’s stock worth $371,000 after purchasing an additional 294 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Expedia Group by 35.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company’s stock valued at $1,783,000 after acquiring an additional 4,505 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Expedia Group by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 80,635 shares of the online travel company’s stock worth $8,311,000 after acquiring an additional 2,390 shares during the period. Brown Advisory Inc. lifted its position in Expedia Group by 105.2% during the 3rd quarter. Brown Advisory Inc. now owns 33,257 shares of the online travel company’s stock worth $3,428,000 after acquiring an additional 17,050 shares during the period. Finally, Forsta AP Fonden increased its holdings in shares of Expedia Group by 24.3% in the third quarter. Forsta AP Fonden now owns 78,200 shares of the online travel company’s stock valued at $8,060,000 after purchasing an additional 15,300 shares during the period. 90.76% of the stock is owned by hedge funds and other 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.