Expedia Group (NASDAQ:EXPE) PT Lowered to $128.00 at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPE) had its target price lowered by JPMorgan Chase & Co. from $136.00 to $128.00 in a report issued on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the online travel company’s stock.

Several other equities research analysts also recently commented on EXPE. DA Davidson reaffirmed a neutral rating and set a $135.00 target price (down from $152.00) on shares of Expedia Group in a report on Friday. Piper Sandler cut shares of Expedia Group from an overweight rating to a neutral rating and decreased their price target for the stock from $175.00 to $145.00 in a report on Friday. Benchmark reaffirmed a buy rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday. Mizuho dropped their price target on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a research note on Friday. Finally, StockNews.com raised Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $148.08.

Expedia Group Trading Down 15.3 %

Shares of EXPE stock opened at $115.33 on Friday. The stock has a 50-day simple moving average of $133.81 and a 200 day simple moving average of $135.45. The stock has a market capitalization of $15.72 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. On average, sell-side analysts expect that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 75 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of Expedia Group by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after acquiring an additional 78 shares during the period. Parallel Advisors LLC boosted its stake in shares of Expedia Group by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after acquiring an additional 80 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Expedia Group by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after acquiring an additional 87 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

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.