Deutsche Bank Aktiengesellschaft Lowers Expedia Group (NASDAQ:EXPE) Price Target to $130.00

Expedia Group (NASDAQ:EXPEGet Rating) had its price target decreased by research analysts at Deutsche Bank Aktiengesellschaft from $235.00 to $130.00 in a note issued to investors on Monday, The Fly reports. The brokerage presently has a “maintains” rating on the online travel company’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 25.13% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. BTIG Research dropped their target price on Expedia Group from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, June 15th. Royal Bank of Canada dropped their target price on Expedia Group from $200.00 to $185.00 in a research report on Tuesday, May 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $205.00 target price on shares of Expedia Group in a research report on Tuesday, May 3rd. Truist Financial dropped their target price on Expedia Group from $240.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Finally, Argus lowered their price objective on Expedia Group from $240.00 to $220.00 in a research report on Thursday, April 7th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $184.63.

Expedia Group Stock Performance

EXPE opened at $103.89 on Monday. Expedia Group has a 52-week low of $88.70 and a 52-week high of $217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The company has a market cap of $16.32 billion, a P/E ratio of 89.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.60. The firm’s 50-day moving average price is $106.27 and its 200-day moving average price is $152.58.

Expedia Group (NASDAQ:EXPEGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.24). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same quarter last year, the company earned ($2.59) EPS. As a group, equities analysts anticipate that Expedia Group will post 4.49 EPS for the current fiscal year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 376 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in shares of Expedia Group during the 4th quarter worth about $199,000. Brown Advisory Inc. acquired a new position in Expedia Group during the fourth quarter worth approximately $287,000. State of New Jersey Common Pension Fund D increased its position in Expedia Group by 3.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 86,874 shares of the online travel company’s stock worth $15,700,000 after buying an additional 3,240 shares during the period. Illinois Municipal Retirement Fund increased its position in Expedia Group by 26.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 5,663 shares of the online travel company’s stock worth $1,023,000 after buying an additional 1,196 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $3,860,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.

About Expedia Group

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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