Expedia Group (NASDAQ:EXPE) Price Target Cut to $137.00

Expedia Group (NASDAQ:EXPE) had its price target decreased by Wells Fargo & Company from $149.00 to $137.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the online travel company’s stock.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group lowered their price target on Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a report on Tuesday, March 19th. B. Riley cut their target price on shares of Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a research note on Friday. DA Davidson reiterated a neutral rating and issued a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a research note on Friday. Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research report on Friday. Finally, Piper Sandler downgraded Expedia Group from an overweight rating to a neutral rating and decreased their target price for the stock from $175.00 to $145.00 in a research report on Friday. Sixteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Expedia Group has a consensus rating of Hold and an average target price of $148.40.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $116.02 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78. Expedia Group has a 1 year low of $88.81 and a 1 year high of $160.05. The firm has a fifty day moving average price of $133.43 and a 200-day moving average price of $135.60. The stock has a market cap of $15.81 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Equities analysts anticipate 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 that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Amalgamated Bank grew its position in shares of Expedia Group by 22.3% during the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock worth $7,162,000 after buying an additional 8,595 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares during the period. Raymond James & Associates grew its holdings in Expedia Group by 6.4% during the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after acquiring an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in Expedia Group by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after acquiring an additional 43,820 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after purchasing an additional 56,186 shares during the period. 90.76% of the stock is currently owned by hedge funds and other 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.