Expedia Group (NASDAQ:EXPE – Get a Rating) had its price target reduced by analysts at Truist Financial from $240.00 to $185.00 in a report on Thursday, reports The Fly. The company currently has a “buy” rating on shares of the online travel agency. Truist Financial’s price target would indicate a potential upside of 98.97% from the current stock price.
A number of other brokerages have also weighed in on EXPE recently. Barclays raised its price target on Expedia Group shares from $226.00 to $229.00 in a Tuesday May 3 research report. Benchmark raised its price target on Expedia Group shares from $265.00 to $275.00 in a Tuesday, May 3 research report. DA Davidson raised its price target on Expedia Group shares from $167.00 to $195.00 and gave the stock a “neutral” rating in a Tuesday, May 3 research report. Mizuho raised its price target on Expedia Group shares from $155.00 to $172.00 in a Tuesday, May 3 research report. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $205.00 price target on Expedia Group shares in a Tuesday, May 3 report. Fourteen analysts gave the stock a hold rating and twelve gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.30.
Shares of NASDAQ EXPE opened at $92.98 on Thursday. Expedia Group has a 52-week minimum of $88.70 and a 52-week maximum of $217.72. The company has a fifty-day moving average of $113.87 and a 200-day moving average of $160.74. The stock has a market capitalization of $14.61 billion, a PE ratio of 80.16, a P/E/G ratio of 1.38 and a beta of 1.61. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt ratio of 2.16.
Expedia Group (NASDAQ:EXPE – Get Rating) last reported quarterly earnings data on Monday, May 2. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.24). Expedia Group achieved a net margin of 4.87% and a return on equity of 11.93%. The company posted revenue of $2.25 billion for the quarter, versus $2.27 billion expected by analysts. In the same period of the previous year, the company made ($2.59) earnings per share. Equity research analysts expect Expedia Group to post EPS of 4.57 for the current fiscal year.
Separately, CAO Lance A. Soliday sold 376 shares of the company in a transaction that took place on Monday, May 16. The shares were sold at an average price of $124.12, for a total value of $46,669.12. Following completion of the transaction, the chief accounting officer now owns 8,949 shares of the company, valued at approximately $1,110,749.88. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Dara Khosrowshahi sold 10,000 shares in a trade that took place on Monday, May 2. The shares were sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the sale, the director now directly owns 252,112 shares of the company, valued at approximately $43,600,249.28. The disclosure of this sale can be found here. Company insiders hold 5.00% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings in EXPE. Newbridge Financial Services Group Inc. increased its stake in Expedia Group by 90.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 314 shares of the online travel company valued at $57,000 after acquiring 149 more shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Expedia Group by 13.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,200 shares of the online travel company valued at $1,843,000 after acquiring 1,177 additional shares last quarter. AE Wealth Management LLC increased its stake in Expedia Group shares by 6.0% during the 4th quarter. AE Wealth Management LLC now owns 1,653 shares of the online travel company worth $299,000 after buying 93 additional shares during the period. Kestra Advisory Services LLC increased its stake in Expedia Group shares by 11.4% during the 4th quarter. Kestra Advisory Services LLC now owns 29,887 shares of the online travel company worth $5,401,000 after purchasing an additional 3,060 shares during the period. Finally, Fortem Financial Group LLC purchased a new stake in Expedia Group stock during Q4 for $217,000. Institutional investors hold 96.08% of the company’s shares.
Expedia Group Company Profile (Get an assessment)
Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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