Expedia Group (NASDAQ:EXPE) Price Target Cut to $170.00 by Analysts at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPE) had its target price lowered by JPMorgan Chase & Co. from $205.00 to $170.00 in a research note issued to investors on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the online travel company’s stock.

Several other brokerages also recently commented on EXPE. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, January 6th. Citigroup upped their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Wells Fargo & Company set a $143.00 price target on shares of Expedia Group and gave the stock an “equal weight” rating in a report on Monday. Truist Financial increased their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. Finally, UBS Group restated a “neutral” rating on shares of Expedia Group in a report on Tuesday, February 4th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.43.

Expedia Group Stock Performance

Expedia Group stock opened at $136.63 on Tuesday. The business has a 50 day moving average of $178.63 and a 200-day moving average of $174.94. The company has a market capitalization of $17.61 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

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

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.17%. Expedia Group’s payout ratio is 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several hedge funds have recently made changes to their positions in EXPE. Rhumbline Advisers increased its stake in shares of Expedia Group by 8.8% in the first quarter. Rhumbline Advisers now owns 455,074 shares of the online travel company’s stock worth $76,498,000 after purchasing an additional 36,802 shares in the last quarter. Meyer Handelman Co. purchased a new position in Expedia Group in the 1st quarter valued at approximately $5,718,000. GAMMA Investing LLC grew its stake in Expedia Group by 18,141.9% in the 1st quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company’s stock valued at $59,397,000 after buying an additional 351,409 shares in the last quarter. Versant Capital Management Inc raised its holdings in Expedia Group by 354.7% during the 1st quarter. Versant Capital Management Inc now owns 2,542 shares of the online travel company’s stock valued at $427,000 after acquiring an additional 1,983 shares during the period. Finally, First Hawaiian Bank lifted its position in shares of Expedia Group by 222.8% during the first quarter. First Hawaiian Bank now owns 9,514 shares of the online travel company’s stock worth $1,599,000 after acquiring an additional 6,567 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

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.