Expedia Group (NASDAQ:EXPE) Stock Gets Price Target Cut from Jefferies Financial Group

Expedia Group (NASDAQ:EXPE) had its price objective reduced by investment analysts at Jefferies Financial Group from $350.00 to $325.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Jefferies Financial Group‘s target price suggests a potential upside of 25.41% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Susquehanna reduced their price objective on Expedia Group from $315.00 to $310.00 and set a “neutral” rating for the company in a research report on Friday. Robert W. Baird set a $335.00 target price on Expedia Group in a research report on Thursday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of Expedia Group from $330.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday. Benchmark raised their price target on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wedbush reduced their price objective on Expedia Group from $417.00 to $384.00 and set an “outperform” rating for the company in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus target price of $315.12.

Expedia Group Stock Down 0.0%

Expedia Group stock traded down $0.08 during midday trading on Monday, hitting $259.16. 2,562,451 shares of the company were exchanged, compared to its average volume of 2,032,838. The company has a market cap of $31.10 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77. The company’s fifty day moving average price is $281.80 and its 200-day moving average price is $259.47.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, November 4th. The online travel company reported $9.39 earnings per share for the quarter, topping the consensus estimate of $8.85 by $0.54. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.57 EPS. On average, research analysts predict that Expedia Group will post 17.37 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the sale, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 in the last three months. 5.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Large investors have recently made changes to their positions in the business. Citizens Financial Group Inc. RI lifted its position in shares of Expedia Group by 184.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,673 shares of the online travel company’s stock worth $1,757,000 after acquiring an additional 4,330 shares during the period. Tidal Investments LLC lifted its position in Expedia Group by 47.4% during the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after buying an additional 10,331 shares in the last quarter. Plato Investment Management Ltd bought a new position in Expedia Group in the 2nd quarter worth approximately $2,562,000. Bank of New York Mellon Corp bought a new position in Expedia Group in the second quarter valued at about $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in Expedia Group in the first quarter valued at approximately $910,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners.

Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.

Expedia Group is headquartered in Seattle, Washington.