Expedia Group (NASDAQ:EXPE) Price Target Lowered to $215.00 at Benchmark

Expedia Group (NASDAQ:EXPE) had its price objective decreased by Benchmark from $225.00 to $215.00 in a research report report published on Friday,Benzinga reports. Benchmark currently has a buy rating on the online travel company’s stock.

A number of other brokerages have also weighed in on EXPE. The Goldman Sachs Group boosted their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Wedbush reaffirmed a “neutral” rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research note on Friday. Citigroup boosted their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Bank of America raised their price target on Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.04.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $156.55 on Friday. The company’s fifty day moving average price is $161.69 and its 200-day moving average price is $175.63. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group has a one year low of $107.25 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $27,000. SRH Advisors LLC bought a new stake in Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the 4th quarter valued at about $28,000. McClarren Financial Advisors Inc. purchased a new position in Expedia Group in the first quarter worth about $28,000. Finally, Grove Bank & Trust lifted its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.