Oppenheimer Lowers Expedia Group (NASDAQ:EXPE) Price Target to $230.00

Expedia Group (NASDAQ:EXPE) had its price target lowered by equities researchers at Oppenheimer from $235.00 to $230.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the online travel company’s stock. Oppenheimer’s target price would suggest a potential upside of 39.26% from the stock’s previous close.

EXPE has been the subject of a number of other research reports. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Monday, January 6th. BMO Capital Markets lifted their price objective on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Wedbush reiterated a “neutral” rating and set a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Baird R W upgraded Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Trading Down 0.7 %

EXPE opened at $165.16 on Monday. The stock has a market cap of $21.28 billion, a PE ratio of 18.25, a PEG ratio of 0.92 and a beta of 1.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The business has a 50 day moving average of $184.20 and a 200-day moving average of $172.26. Expedia Group has a 52 week low of $107.25 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities research analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. OneDigital Investment Advisors LLC boosted its stake in Expedia Group by 16.7% during the third quarter. OneDigital Investment Advisors LLC now owns 2,485 shares of the online travel company’s stock valued at $368,000 after buying an additional 356 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Expedia Group by 6.8% during the third quarter. CIBC Asset Management Inc now owns 18,355 shares of the online travel company’s stock valued at $2,717,000 after buying an additional 1,163 shares during the last quarter. Natixis Advisors LLC boosted its stake in Expedia Group by 21.3% during the third quarter. Natixis Advisors LLC now owns 80,869 shares of the online travel company’s stock valued at $11,971,000 after buying an additional 14,177 shares during the last quarter. Equity Investment Corp boosted its stake in Expedia Group by 1.4% during the third quarter. Equity Investment Corp now owns 576,036 shares of the online travel company’s stock valued at $85,265,000 after buying an additional 8,066 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Expedia Group during the third quarter valued at approximately $245,000. 90.76% of the stock is owned by institutional investors.

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.