HSBC Lowers Expedia Group (NASDAQ:EXPE) Price Target to $132.00

Expedia Group (NASDAQ:EXPE) had its target price lowered by equities researchers at HSBC from $166.00 to $132.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the online travel company’s stock. HSBC’s target price suggests a potential upside of 18.34% from the stock’s previous close.

Several other research firms have also recently weighed in on EXPE. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. B. Riley reduced their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a research report on Monday, April 29th. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a report on Friday, May 3rd. Finally, Susquehanna decreased their target price on shares of Expedia Group from $145.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday. Sixteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $149.12.

Expedia Group Stock Down 1.2 %

NASDAQ EXPE opened at $111.54 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93. Expedia Group has a 12 month low of $88.81 and a 12 month high of $160.05. The stock’s 50 day moving average is $132.97 and its 200 day moving average is $135.73. The stock has a market cap of $15.20 billion, a PE ratio of 20.89, a P/E/G ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last posted its earnings results 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 analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. Research analysts predict that Expedia Group will post 9.7 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated 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 sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of large investors have recently bought and sold shares of EXPE. ValueAct Holdings L.P. purchased a new position in shares of Expedia Group in the 4th quarter valued at $645,346,000. Norges Bank bought a new position in Expedia Group in the fourth quarter worth about $334,632,000. Norden Group LLC bought a new position in Expedia Group in the first quarter worth about $40,976,000. Kodai Capital Management LP purchased a new stake in shares of Expedia Group during the fourth quarter valued at about $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Expedia Group by 242.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after buying an additional 185,880 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

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.