Expedia Group (NASDAQ:EXPE) Given New $128.00 Price Target at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPE) had its target price lowered by JPMorgan Chase & Co. from $136.00 to $128.00 in a research report report published on Friday, Benzinga reports. The firm currently has a neutral rating on the online travel company’s stock.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets cut Expedia Group from an outperform rating to a market perform rating and decreased their target price for the company from $165.00 to $145.00 in a research note on Friday. DA Davidson reaffirmed a neutral rating and issued a $135.00 price objective (down previously from $152.00) on shares of Expedia Group in a research note on Friday. Oppenheimer reissued an outperform rating and set a $175.00 target price on shares of Expedia Group in a research note on Monday, April 29th. Royal Bank of Canada dropped their price target on Expedia Group from $155.00 to $140.00 and set a sector perform rating on the stock in a report on Friday. Finally, Evercore ISI reduced their price objective on Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a research note on Friday. Sixteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $148.40.

Expedia Group Stock Up 0.6 %

EXPE stock opened at $116.02 on Friday. The firm’s 50-day moving average is $133.43 and its two-hundred day moving average is $135.60. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. Expedia Group has a 52 week low of $88.81 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. On average, analysts forecast that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the company. ValueAct Holdings L.P. bought a new stake in Expedia Group in the fourth quarter worth approximately $645,346,000. Norges Bank acquired a new stake in shares of Expedia Group in the 4th quarter valued at $334,632,000. Norden Group LLC bought a new stake in Expedia Group in the first quarter worth $40,976,000. Kodai Capital Management LP acquired a new position in Expedia Group during the fourth quarter worth $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after buying an additional 185,880 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.