Expedia Group (NASDAQ:EXPE) Price Target Cut to $125.00

Expedia Group (NASDAQ:EXPE) had its price objective cut by research analysts at Wedbush from $130.00 to $125.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the online travel company’s stock. Wedbush’s target price would indicate a potential upside of 8.38% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Benchmark upped their target price on Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $155.00 target price on shares of Expedia Group in a research report on Friday, February 9th. Wells Fargo & Company cut 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 research note on Friday, February 9th. Jefferies Financial Group decreased their price target on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, March 19th. Finally, Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $148.08.

Expedia Group Price Performance

EXPE stock opened at $115.33 on Friday. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.35 and a beta of 1.83. The firm’s 50-day moving average price is $133.81 and its two-hundred day moving average price is $134.96. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group has a 12-month low of $87.94 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. As a group, equities analysts predict that Expedia Group will post 9.7 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently made changes to their positions in EXPE. International Assets Investment Management LLC increased its stake in shares of Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after purchasing an additional 21,095 shares in the last quarter. Raymond James & Associates increased its position in Expedia Group by 6.4% in the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after buying an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Expedia Group by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after buying an additional 43,820 shares during the period. AQR Capital Management LLC lifted its position in shares of 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 buying an additional 56,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Expedia Group by 20.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock valued at $8,305,000 after acquiring an additional 13,797 shares during the period. Institutional investors own 90.76% of the company’s stock.

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.