Expedia Group (NASDAQ:EXPE) PT Lowered to $134.00 at Barclays

Expedia Group (NASDAQ:EXPE) had its price objective decreased by equities research analysts at Barclays from $138.00 to $134.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target suggests a potential upside of 4.93% from the company’s current price.

A number of other research firms have also recently weighed in on EXPE. BTIG Research lowered their price objective on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Wedbush lifted their price objective on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company increased their target price on shares of Expedia Group from $137.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, Royal Bank of Canada reduced their price objective on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.00.

Expedia Group Trading Up 8.3 %

EXPE traded up $9.74 during trading hours on Friday, reaching $127.71. The company’s stock had a trading volume of 1,748,081 shares, compared to its average volume of 2,423,104. The business’s 50-day moving average is $124.97 and its 200-day moving average is $129.74. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $17.41 billion, a PE ratio of 23.92, a P/E/G ratio of 0.46 and a beta of 1.78. Expedia Group has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its position in Expedia Group by 22.3% during the fourth quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after acquiring an additional 8,595 shares during the period. International Assets Investment Management LLC increased its position in shares of Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Expedia Group by 80.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock valued at $2,480,000 after acquiring an additional 7,270 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Expedia Group by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after purchasing an additional 6,432 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 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.