Expedia Group (NASDAQ:EXPE - Get Free Report) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating in a research note issued on Friday, MarketBeat.com reports. They presently have a $145.00 target price on the online travel company's stock, down from their prior target price of $175.00. Piper Sandler's price target indicates a potential upside of 25.73% from the stock's previous close.
EXPE has been the topic of a number of other research reports. BMO Capital Markets cut shares of Expedia Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $165.00 to $145.00 in a research note on Friday. Royal Bank of Canada reissued a "sector perform" rating and issued a $155.00 target price on shares of Expedia Group in a report on Friday, February 9th. JPMorgan Chase & Co. raised their target price on Expedia Group from $115.00 to $136.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Jefferies Financial Group lowered their price target on Expedia Group from $150.00 to $145.00 and set a "hold" rating on the stock in a research report on Tuesday, March 19th. Finally, StockNews.com upgraded Expedia Group from a "hold" rating to a "buy" rating in a research note on Wednesday, February 14th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group currently has an average rating of "Hold" and an average price target of $148.08.
Read Our Latest Report on Expedia Group
Expedia Group Stock Performance
Shares of NASDAQ EXPE traded down $20.76 during mid-day trading on Friday, hitting $115.33. The company had a trading volume of 13,945,655 shares, compared to its average volume of 2,575,065. Expedia Group has a 12 month low of $87.94 and a 12 month high of $160.05. The firm has a market cap of $15.72 billion, a P/E ratio of 21.44, a PEG ratio of 0.41 and a beta of 1.83. The business's 50-day simple moving average is $134.23 and its 200-day simple moving average is $134.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.88 billion. As a group, analysts predict that Expedia Group will post 9.7 earnings per share for the current fiscal year.
Insider Activity
In related news, CAO Lance A. Soliday sold 5,119 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, 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 at this link. Insiders own 8.07% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in EXPE. ValueAct Holdings L.P. acquired a new position in Expedia Group in the fourth quarter valued at about $645,346,000. Boston Partners raised its position in shares of Expedia Group by 1.3% in the 3rd quarter. Boston Partners now owns 2,567,830 shares of the online travel company's stock valued at $264,627,000 after acquiring an additional 32,191 shares during the period. Norges Bank bought a new position in Expedia Group during the 4th quarter worth approximately $334,632,000. Lyrical Asset Management LP grew its holdings in Expedia Group by 0.8% during 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 purchasing an additional 13,792 shares during the period. Finally, Northern Trust Corp increased its stake in Expedia Group by 1.5% in the third quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company's stock valued at $160,564,000 after purchasing an additional 22,518 shares in the last quarter. 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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