Expedia Group (NASDAQ:EXPE) Price Target Cut to $300.00 by Analysts at Argus

Expedia Group (NASDAQ:EXPE) had its price objective lowered by equities researchers at Argus from $360.00 to $300.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Argus‘s price objective would indicate a potential upside of 18.98% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a research note on Thursday, November 5th. Morgan Stanley lowered shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price objective for the company. in a research report on Wednesday, September 16th. Bank of America reissued a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Susquehanna reduced their target price on shares of Expedia Group from $315.00 to $310.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Finally, UBS Group decreased their target price on shares of Expedia Group from $351.00 to $328.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus price target of $316.00.

Expedia Group Stock Down 0.6%

Shares of EXPE opened at $252.15 on Wednesday. The stock has a market capitalization of $30.26 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. Expedia Group has a 1 year low of $185.34 and a 1 year high of $342.00. The business’s 50 day simple moving average is $279.13 and its 200-day simple moving average is $259.28. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, beating analysts’ consensus estimates of $8.85 by $0.54. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the company earned $7.57 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts expect that Expedia Group will post 17.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares of the company’s stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Dzielak sold 1,004 shares of Expedia Group stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,947 shares of company stock worth $2,936,050 over the last three months. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the company. Team Financial Group LLC bought a new stake in Expedia Group in the third quarter worth about $26,000. Valley National Advisers Inc. boosted its position in shares of Expedia Group by 900.0% during the third quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock valued at $26,000 after buying an additional 90 shares during the period. First Bancorp Inc ME bought a new position in shares of Expedia Group during the second quarter valued at approximately $28,000. Jacobi Capital Management LLC bought a new position in shares of Expedia Group during the third quarter valued at approximately $44,000. Finally, Three Bridge Wealth Advisors LLC bought a new position in shares of Expedia Group during the third quarter valued at approximately $46,000. 90.76% of the stock is currently owned by institutional investors.

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.