Expedia Group (NASDAQ:EXPE) Stock Price Target Lowered at UBS Group

Expedia Group (NASDAQ:EXPE) had its target price decreased by UBS Group from $351.00 to $328.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. UBS Group‘s price target suggests a potential upside of 13.44% from the company’s current price.

Several other research analysts have also recently weighed in on EXPE. TD Cowen raised Expedia Group to a “hold” rating in a research report on Monday, September 14th. Truist Financial reduced their price target on shares of Expedia Group from $309.00 to $288.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Cantor Fitzgerald boosted their target price on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group raised their price target on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $315.71.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded down $9.84 during midday trading on Tuesday, reaching $289.15. The company’s stock had a trading volume of 484,862 shares, compared to its average volume of 1,984,354. Expedia Group has a 12-month low of $185.34 and a 12-month high of $342.00. The firm has a 50 day moving average price of $285.72 and a 200-day moving average price of $259.52. The stock has a market capitalization of $34.70 billion, a P/E ratio of 18.06, a PEG ratio of 0.67 and a beta of 1.36. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. Expedia Group’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.24 earnings per share. As a group, equities analysts predict that Expedia Group will post 17.37 earnings per share for the current year.

Insider Transactions at Expedia Group

In other news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,950 shares of company stock valued at $3,881,995 over the last three months. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Expedia Group in the second quarter worth $166,203,000. First Trust Advisors LP boosted its position in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after buying an additional 607,698 shares during the period. Wellington Management Group LLP grew its holdings in Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after acquiring an additional 314,984 shares during the last quarter. SEB Asset Management AB bought a new stake in Expedia Group in the 1st quarter worth $53,254,000. Finally, KBC Group NV increased its position in shares of Expedia Group by 201.3% in the first quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock valued at $63,761,000 after acquiring an additional 184,507 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.