Expedia Group (NASDAQ:EXPE) Price Target Cut to $230.00 by Analysts at Oppenheimer

Expedia Group (NASDAQ:EXPE) had its target price dropped by equities research analysts at Oppenheimer from $235.00 to $230.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the online travel company’s stock. Oppenheimer’s price target would indicate a potential upside of 38.00% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Argus boosted their price objective on Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. B. Riley reissued a “buy” rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Monday, January 6th. Finally, UBS Group reissued a “neutral” rating on shares of Expedia Group in a research report on Tuesday, February 4th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $193.43.

Expedia Group Trading Up 2.8 %

EXPE stock traded up $4.56 during mid-day trading on Monday, hitting $166.67. 893,584 shares of the company were exchanged, compared to its average volume of 1,884,184. Expedia Group has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a market capitalization of $21.48 billion, a P/E ratio of 18.42, a PEG ratio of 0.92 and a beta of 1.83. The business has a fifty day simple moving average of $184.92 and a 200-day simple moving average of $171.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. On average, equities research analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,577,900 in the last quarter. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently added to or reduced their stakes in the business. Windacre Partnership LLC lifted its holdings in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Norges Bank purchased a new position in Expedia Group in the fourth quarter worth $670,565,000. Pacer Advisors Inc. lifted its holdings in Expedia Group by 22.5% in the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the period. Geode Capital Management LLC boosted its position in shares of Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after purchasing an additional 30,163 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after purchasing an additional 150,480 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.