Expedia Group (NASDAQ:EXPE – Get a Rating) had its price target reduced by Ascendant Capital Markets to $190.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. Ascendant Capital Markets’ price target would indicate a potential upside of 75.62% from the company’s current price.
A number of other research companies have also recently commented on EXPE. JPMorgan Chase & Co. lowered its target price on Expedia Group from $206.00 to $125.00 and set a “neutral” rating for the company in a Wednesday, June 29 research note. Truist Financial lowered its price target on Expedia Group from $240.00 to $185.00 and set a “buy” rating for the company in a Thursday, July 14 research report. DA Davidson cut its price target on Expedia Group shares from $195.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday. Evercore ISI lowered its price target on Expedia Group shares from $222.00 to $154.00 and set an “in-line” rating for the company in a Thursday, July 7 research report. Finally, Mizuho cut its price target on Expedia Group shares from $172.00 to $132.00 and set a “neutral” rating on the stock in a Friday, August 5 report. Fourteen equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus target price of $166.42.
Expedia Group down 3.2%
Shares of Expedia Group traded down $3.55 in midday trading on Tuesday, hitting $108.19. 2,539,789 shares of the company were traded, against an average volume of 3,134,047. The company has a debt ratio of 1.99, a current ratio of 0.85 and a quick ratio of 0.85. Expedia Group has a 52-week minimum of $88.70 and a 52-week maximum of $217.72. The company has a market capitalization of $17.05 billion, a price/earnings ratio of 53.83, a P/E/G ratio of 1.56 and a beta of 1.58. The company’s 50-day moving average price is $103.11 and its 200-day moving average price is $135.31.
Expedia Group (NASDAQ:EXPE – Get Rating) last announced its results on Thursday, August 4. The online travel company reported earnings per share of $1.96 for the quarter, beating consensus analyst estimates of $1.57 by $0.39. Expedia Group achieved a net margin of 4.26% and a return on equity of 22.14%. The company posted revenue of $3.18 billion for the quarter, versus analyst estimates of $2.99 billion. In the same quarter of the previous year, the company posted EPS of ($1.77). The company’s revenue for the quarter increased by 50.7% compared to the same quarter last year. On average, analysts expect Expedia Group to post 5 earnings per share for the current fiscal year.
Insider buying and selling at Expedia Group
Separately, CAO Lance A. Soliday sold 636 shares in a trade that took place on Monday August 15th. The shares were sold at an average price of $114.04, for a total value of $72,529.44. As a result of the transaction, the chief accountant now owns 8,949 shares of the company, valued at approximately $1,020,543.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Separately, CAO Lance A. Soliday sold 636 shares of the company in a trade on Monday, August 15. The stock was sold at an average price of $114.04, for a total value of $72,529.44. Following the completion of the sale, the chief accounting officer now directly owns 8,949 shares of the company, valued at approximately $1,020,543.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Jonathan L. Dolgen sold 1,000 shares of the company in a trade on Wednesday, September 7. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following completion of the transaction, the administrator now directly owns 37,779 shares of the company, valued at $3,836,457.45. The disclosure of this sale can be found here. 7.52% of the shares are held by company insiders.
Institutional investors weigh in on Expedia Group
Several hedge funds and other institutional investors have recently increased or reduced their stake in EXPE. Capital Wealth Alliance LLC acquired a new position in Expedia Group during the second quarter worth approximately $12,058,000. The Bank of Nova Scotia increased its position in Expedia Group shares by 5,265.1% during the 1st quarter. The Bank of Nova Scotia now owns 1,504,849 shares of the online travel company valued at $294,454,000 after buying an additional 1,476,800 shares during the period. Third Point LLC bought a new stock position in Expedia Group during Q4 worth $236,266,000. Arrowstreet Capital Limited Partnership increased its stake in Expedia Group by 187.1% in Q1. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company worth $375,888,000 after purchasing an additional 1,251,933 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Expedia Group by 727.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,423,993 shares of the online travel company worth $135,037,000 after buying an additional 1,251,800 shares last quarter. 97.43% of the shares are held by hedge funds and other institutional investors.
About Expedia Group
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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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