Expedia Group (NASDAQ:EXPE) Given New $125.00 Price Target at Wedbush

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

A number of other brokerages also recently commented on EXPE. StockNews.com upgraded Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. Jefferies Financial Group decreased their price target on Expedia Group from $150.00 to $145.00 and set a hold rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $115.00 to $136.00 and gave the stock a neutral rating in a report on Friday, February 9th. The Goldman Sachs Group raised their target price on shares of Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a report on Friday, January 19th. Finally, Mizuho cut their price target on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating on the stock in a report on Friday. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $148.08.

Expedia Group Price Performance

NASDAQ:EXPE traded down $20.76 during midday trading on Friday, hitting $115.33. 13,956,064 shares of the stock were exchanged, compared to its average volume of 1,820,841. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The business has a 50-day moving average price of $134.23 and a two-hundred day moving average price of $134.85.

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

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXPE. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Expedia Group in the fourth quarter worth about $26,000. City State Bank grew its holdings in Expedia Group by 157.3% in the 4th 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 last quarter. CVA Family Office LLC bought a new position in Expedia Group in the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its holdings in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after buying an additional 218 shares during the last quarter. Finally, MV Capital Management Inc. boosted its position in shares of Expedia Group by 335.6% in 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 during the period. Institutional investors and hedge funds 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.