Expedia Group (NASDAQ:EXPE) Shares Gap Down on Analyst Downgrade

Expedia Group, Inc. (NASDAQ:EXPE) shares gapped down before the market opened on Friday after Wells Fargo & Company lowered their price target on the stock from $149.00 to $137.00. The stock had previously closed at $136.09, but opened at $122.31. Wells Fargo & Company currently has an equal weight rating on the stock. Expedia Group shares last traded at $118.97, with a volume of 4,628,358 shares changing hands.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group upped their target price on shares of Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Piper Sandler downgraded Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $175.00 to $145.00 in a report on Friday. Evercore ISI lowered their target price on Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a report on Monday, April 29th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $148.08.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following 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 through this link. Company insiders own 8.07% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently added to or reduced their stakes in EXPE. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group in the 4th quarter valued at about $26,000. City State Bank lifted its holdings in Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after acquiring an additional 118 shares during the period. CVA Family Office LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $32,000. MV Capital Management Inc. increased its holdings in shares of Expedia Group by 335.6% during the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after purchasing an additional 245 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

The stock has a market capitalization of $15.72 billion, a PE ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s fifty day moving average is $133.81 and its 200-day moving average is $134.96.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion for 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%. As a group, equities analysts predict that Expedia Group, Inc. will post 9.7 earnings per share for the current fiscal year.

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.