Expedia Group (NASDAQ:EXPE) Price Target Cut to $150.00 by Analysts at BTIG Research

Expedia Group (NASDAQ:EXPEFree Report) had its target price reduced by BTIG Research from $175.00 to $150.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the online travel company’s stock.

A number of other brokerages also recently commented on EXPE. HSBC lowered their price objective on Expedia Group from $166.00 to $132.00 and set a hold rating for the company in a research note on Tuesday, May 7th. Benchmark reiterated a buy rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday, May 3rd. DA Davidson restated a neutral rating and issued a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Wells Fargo & Company cut their price target on Expedia Group from $149.00 to $137.00 and set an equal weight rating on the stock in a report on Friday, May 3rd. Finally, Oppenheimer reissued an outperform rating and issued a $175.00 price objective on shares of Expedia Group in a report on Monday, April 29th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $148.12.

Read Our Latest Stock Analysis on EXPE

Expedia Group Price Performance

EXPE opened at $111.71 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The company’s 50-day moving average price is $128.47 and its 200 day moving average price is $136.87. Expedia Group has a fifty-two week low of $92.00 and a fifty-two week high of $160.05. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.43 and a beta of 1.83.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated 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 approximately $1,492,844.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value 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 $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently made changes to their positions in the company. Amalgamated Bank lifted its stake in Expedia Group by 22.3% in the fourth quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after acquiring an additional 8,595 shares during the last quarter. International Assets Investment Management LLC increased its position in Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after buying an additional 21,095 shares during the last quarter. Raymond James & Associates raised its holdings in Expedia Group by 6.4% during the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after buying an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after buying an additional 43,820 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after acquiring an additional 56,186 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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