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

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

EXPE has been the subject of a number of other reports. Benchmark reaffirmed a buy rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday. Piper Sandler cut shares of Expedia Group from an overweight rating to a neutral rating and reduced their price objective for the stock from $175.00 to $145.00 in a research report on Friday. BMO Capital Markets downgraded shares of Expedia Group from an outperform rating to a market perform rating and decreased their price objective for the company from $165.00 to $145.00 in a report on Friday. Royal Bank of Canada cut their target price on shares of Expedia Group from $155.00 to $140.00 and set a sector perform rating for the company in a research note on Friday. Finally, B. Riley decreased their price target on shares of Expedia Group from $200.00 to $190.00 and set a buy rating on the stock in a research note on Friday. Sixteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $148.40.

Expedia Group Stock Performance

NASDAQ EXPE opened at $116.02 on Friday. The firm has a market capitalization of $15.81 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. 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 firm’s fifty day moving average price is $133.43 and its two-hundred day moving average price is $135.60. Expedia Group has a 1 year low of $88.81 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its 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. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. As a group, research analysts anticipate that Expedia Group will post 9.7 EPS for the current year.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of EXPE. ValueAct Holdings L.P. bought a new position in shares of Expedia Group in the 4th quarter worth about $645,346,000. Boston Partners grew its stake in Expedia Group by 1.3% during the third quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock worth $264,627,000 after purchasing an additional 32,191 shares during the period. Norges Bank bought a new stake in Expedia Group in the fourth quarter worth approximately $334,632,000. Lyrical Asset Management LP lifted its stake in Expedia Group by 0.8% in the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after buying an additional 13,792 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Expedia Group by 1.5% during the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after buying an additional 22,518 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.