Mizuho Trims Expedia Group (NASDAQ:EXPE) Target Price to $135.00

Expedia Group (NASDAQ:EXPE) had its target price reduced by Mizuho from $140.00 to $135.00 in a report issued on Friday morning, Benzinga reports. They currently have a neutral rating on the online travel company’s stock.

EXPE has been the subject of several other research reports. Royal Bank of Canada restated a sector perform rating and set a $155.00 target price on shares of Expedia Group in a research report on Friday, February 9th. Wells Fargo & Company lowered their target price on shares of Expedia Group from $159.00 to $155.00 and set an equal weight rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of Expedia Group from $115.00 to $136.00 and gave the stock a neutral rating in a report on Friday, February 9th. BMO Capital Markets lowered Expedia Group from an outperform rating to a market perform rating and decreased their price target for the stock from $165.00 to $145.00 in a research report on Friday. Finally, Bank of America downgraded Expedia Group from a buy rating to a neutral rating and set a $156.00 price objective for the company. in a research report on Friday, February 9th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Expedia Group has an average rating of Hold and an average target price of $148.08.

Expedia Group Trading Down 15.3 %

Shares of EXPE stock opened at $115.33 on Friday. The firm has a fifty day moving average of $133.81 and a 200-day moving average of $135.45. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a 52-week low of $87.94 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.78 and a current ratio of 0.79.

Expedia Group (NASDAQ:EXPE) last posted its earnings results 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 business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. On average, equities research analysts forecast that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group 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 in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently modified their holdings of EXPE. Harbor Capital Advisors Inc. lifted its stake in Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after buying an additional 75 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after acquiring an additional 78 shares in the last quarter. Parallel Advisors LLC boosted its stake in Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after purchasing an additional 80 shares during the period. Private Advisor Group LLC increased its holdings in Expedia Group by 0.4% during the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in shares of Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.