Wedbush Cuts Expedia Group (NASDAQ:EXPE) Price Target to $125.00

Expedia Group (NASDAQ:EXPE) had its price objective trimmed by Wedbush from $130.00 to $125.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the online travel company’s stock.

Other equities research analysts have also issued research reports about the stock. Mizuho decreased their price objective on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research note on Friday. Jefferies Financial Group cut their price objective on Expedia Group from $150.00 to $145.00 and set a hold rating on the stock in a research report on Tuesday, March 19th. BMO Capital Markets lowered Expedia Group from an outperform rating to a market perform rating and decreased their target price for the company from $165.00 to $145.00 in a research report on Friday. Benchmark boosted their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Finally, Piper Sandler downgraded shares of Expedia Group from an overweight rating to a neutral rating and reduced their target price for the company from $175.00 to $145.00 in a research report on Friday. Fifteen 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 presently has an average rating of Hold and a consensus target price of $148.08.

Expedia Group Stock Down 15.3 %

Shares of Expedia Group stock opened at $115.33 on Friday. The stock’s 50-day moving average is $133.81 and its 200 day moving average is $135.45. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.35 and a beta of 1.83. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Equities research analysts anticipate that Expedia Group will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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