Expedia Group (NASDAQ:EXPE) Price Target Lowered to $135.00 at Mizuho

Expedia Group (NASDAQ:EXPE) had its price target lowered by Mizuho from $140.00 to $135.00 in a report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the online travel company’s stock.

Other analysts also recently issued research reports about the company. 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 research note on Tuesday, March 19th. Piper Sandler downgraded Expedia Group from an overweight rating to a neutral rating and dropped their price objective for the stock from $175.00 to $145.00 in a research note on Friday. Royal Bank of Canada reaffirmed a sector perform rating and set a $155.00 price objective on shares of Expedia Group in a research note on Friday, February 9th. The Goldman Sachs Group raised their price objective on Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a research note on Friday, January 19th. Finally, Oppenheimer reaffirmed an outperform rating and set a $175.00 price objective on shares of Expedia Group in a research note on Monday, April 29th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of Hold and a consensus price target of $148.08.

Expedia Group Trading Down 15.3 %

Shares of EXPE stock traded down $20.76 during trading hours on Friday, reaching $115.33. The company had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The company has a 50 day moving average of $134.23 and a 200 day moving average of $134.85. 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 firm has a market cap 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. Expedia Group has a 1-year low of $87.94 and a 1-year high of $160.05.

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, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. On average, equities research analysts anticipate that Expedia Group will post 9.7 EPS for the current year.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’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 value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently made changes to their positions in the business. ValueAct Holdings L.P. bought a new position in shares of Expedia Group during the fourth quarter worth approximately $645,346,000. Norges Bank bought a new position in shares of Expedia Group during the fourth quarter worth approximately $334,632,000. Norden Group LLC bought a new position in shares of Expedia Group during the first quarter worth approximately $40,976,000. Kodai Capital Management LP bought a new position in shares of Expedia Group during the fourth quarter worth approximately $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock worth $27,058,000 after purchasing an additional 185,880 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

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.