Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price lifted by analysts at Morgan Stanley from $150.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the online travel company's stock. Morgan Stanley's price target indicates a potential downside of 10.81% from the company's current price.
Several other equities analysts also recently commented on the stock. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 target price on shares of Expedia Group in a report on Thursday, May 15th. Oppenheimer lowered their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Susquehanna lowered their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Finally, The Goldman Sachs Group lowered their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $187.77.
Get Our Latest Stock Analysis on Expedia Group
Expedia Group Price Performance
NASDAQ:EXPE traded up $0.07 during trading hours on Monday, hitting $185.00. 321,417 shares of the stock traded hands, compared to its average volume of 1,882,766. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. The stock has a 50 day moving average price of $170.27 and a 200 day moving average price of $172.37.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the prior year, the firm earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Expedia Group will post 12.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter worth about $27,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group in the fourth quarter worth about $28,000. McClarren Financial Advisors Inc. bought a new position in shares of Expedia Group in the first quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Expedia Group in the first quarter worth about $28,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group in the fourth quarter worth about $34,000. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Company Profile
(
Get Free Report)
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.
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