Expedia Group (NASDAQ:EXPE) Price Target Lowered to $132.00 at HSBC

Expedia Group (NASDAQ:EXPE) had its target price decreased by equities researchers at HSBC from $166.00 to $132.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the online travel company’s stock. HSBC’s target price would indicate a potential upside of 18.34% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Wedbush lowered their target price on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research note on Friday, February 9th. BMO Capital Markets cut Expedia Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $165.00 to $145.00 in a research report on Friday, May 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, April 29th. Sixteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $149.12.

Expedia Group Stock Down 1.2 %

Shares of NASDAQ EXPE opened at $111.54 on Tuesday. Expedia Group has a 12-month low of $88.81 and a 12-month high of $160.05. The stock has a market cap of $15.20 billion, a P/E ratio of 20.89, a PEG 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 business’s fifty day simple moving average is $132.97 and its 200-day simple moving average is $135.73.

Expedia Group (NASDAQ:EXPE) last posted 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. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, equities analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other Expedia Group 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 sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

Institutional investors have recently modified their holdings of the business. ValueAct Holdings L.P. purchased a new position in Expedia Group in the fourth quarter worth $645,346,000. Norges Bank acquired a new position in shares of Expedia Group during the 4th quarter worth $334,632,000. Norden Group LLC purchased a new position in shares of Expedia Group in the 1st quarter valued at about $40,976,000. Kodai Capital Management LP acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $27,058,000 after buying an additional 185,880 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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.