Expedia Group (NASDAQ:EXPE) Price Target Cut to $138.00

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price lowered by Barclays from $158.00 to $138.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the online travel company's stock. Barclays's price target would suggest a potential upside of 18.95% from the company's previous close.

EXPE has been the subject of several other research reports. Royal Bank of Canada reduced their price target on shares of Expedia Group from $155.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday. TD Cowen dropped their target price on shares of Expedia Group from $165.00 to $130.00 and set a "buy" rating on the stock in a report on Friday. The Goldman Sachs Group raised their target price on shares of Expedia Group from $155.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, January 19th. StockNews.com upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Finally, Jefferies Financial Group dropped their target price on shares of Expedia Group from $150.00 to $145.00 and set a "hold" rating on the stock in a report on Tuesday, March 19th. Sixteen investment 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 has an average rating of "Hold" and a consensus target price of $148.40.

Expedia Group Stock Up 0.6 %

Shares of NASDAQ EXPE traded up $0.69 on Monday, reaching $116.02. 4,516,402 shares of the company's stock traded hands, compared to its average volume of 2,597,531. Expedia Group has a 12 month low of $88.81 and a 12 month high of $160.05. The business's 50 day simple moving average is $133.43 and its two-hundred day simple moving average is $135.60. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. As a group, equities research analysts forecast that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated 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 directly owns 10,880 shares of the company's stock, valued at $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.07% of the company's stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds have recently bought and sold shares of EXPE. Amalgamated Bank increased its position in shares of Expedia Group by 22.3% during the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company's stock valued at $7,162,000 after purchasing an additional 8,595 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company's stock worth $5,967,000 after acquiring an additional 21,095 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Expedia Group by 6.4% during the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company's stock worth $39,974,000 after purchasing an additional 15,759 shares during the period. AustralianSuper Pty Ltd raised its position in Expedia Group by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company's stock worth $54,018,000 after purchasing an additional 43,820 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Expedia Group by 7.9% during the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company's stock valued at $79,329,000 after buying an additional 56,186 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Company Profile

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.