Expedia Group (NASDAQ:EXPE) Price Target Cut to $215.00 by Analysts at Benchmark

Expedia Group (NASDAQ:EXPE) had its price target lowered by research analysts at Benchmark from $225.00 to $215.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the online travel company’s stock. Benchmark’s price target would indicate a potential upside of 37.34% from the company’s previous close.

EXPE has been the topic of several other research reports. Argus upped their target price on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. BMO Capital Markets boosted their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Oppenheimer lowered their price objective on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Finally, Wells Fargo & Company set a $143.00 price target on Expedia Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.04.

Expedia Group Stock Down 7.4 %

EXPE stock opened at $156.55 on Friday. The stock has a market capitalization of $20.17 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62. The business has a 50-day moving average of $161.69 and a 200-day moving average of $175.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group during the 4th quarter valued at approximately $27,000. SRH Advisors LLC acquired a new position in Expedia Group in the fourth quarter valued at $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the fourth quarter valued at $28,000. McClarren Financial Advisors Inc. acquired a new stake in Expedia Group during the 1st quarter worth about $28,000. Finally, Grove Bank & Trust lifted its stake in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. 90.76% of the stock is 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.