Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) 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.
EXPE has been the topic of a number of other research reports. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Wedbush lowered their target price on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank of Canada cut their price target on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday. DA Davidson reaffirmed a “neutral” rating and set a $135.00 price target (down from $152.00) on shares of Expedia Group in a report on Friday. Finally, Jefferies Financial Group dropped their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. Fifteen research 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 company has an average rating of “Hold” and a consensus price target of $148.08.
Insider Buying and Selling at Expedia Group
In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.07% of the company’s stock.
Hedge Funds Weigh In On Expedia Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ValueAct Holdings L.P. acquired a new position in Expedia Group during the fourth quarter worth $645,346,000. Norges Bank acquired a new position in shares of Expedia Group during the 4th quarter worth $334,632,000. Norden Group LLC purchased a new position in shares of Expedia Group in the 1st quarter valued at about $40,976,000. Kodai Capital Management LP acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Expedia Group by 242.5% in the third 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 purchasing an additional 185,880 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.
Expedia Group Trading Down 15.3 %
The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The business’s fifty day moving average is $134.23 and its 200 day moving average is $134.85. The stock has a market cap of $15.72 billion, a PE ratio of 21.44, a P/E/G ratio of 0.41 and a beta of 1.83.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, analysts predict that Expedia Group, Inc. will post 9.7 earnings per share for the current 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.