Jefferies Financial Group Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective lowered by Jefferies Financial Group from $350.00 to $325.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Jefferies Financial Group‘s price objective would indicate a potential upside of 25.41% from the stock’s previous close.

Several other research firms also recently commented on EXPE. Wall Street Zen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna decreased their price objective on Expedia Group from $315.00 to $310.00 and set a “neutral” rating for the company in a report on Friday. Citigroup lowered their price objective on Expedia Group from $345.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. dropped their target price on Expedia Group from $330.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus set a $204.00 price objective on shares of Expedia Group in a research report on Tuesday, November 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $315.12.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $0.08 during trading on Monday, hitting $259.16. 2,562,451 shares of the company were exchanged, compared to its average volume of 2,032,838. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $31.10 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. Expedia Group has a 1-year low of $185.34 and a 1-year high of $342.00. The business’s 50 day moving average is $281.80 and its 200-day moving average is $259.47.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping the consensus estimate of $8.85 by $0.54. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the business earned $7.57 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Expedia Group will post 17.37 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Craig Jacobson sold 3,133 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,950 shares of company stock worth $3,881,995. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently modified their holdings of EXPE. Team Financial Group LLC acquired a new position in Expedia Group during the 3rd quarter worth about $26,000. Valley National Advisers Inc. raised its position in Expedia Group by 900.0% in the 3rd quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. First Bancorp Inc ME purchased a new position in Expedia Group in the second quarter worth approximately $28,000. Jacobi Capital Management LLC acquired a new stake in shares of Expedia Group in the 3rd quarter valued at $44,000. Finally, Three Bridge Wealth Advisors LLC acquired a new position in shares of Expedia Group during the third quarter worth $46,000. 90.76% of the stock is currently owned by institutional investors.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners.

Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.

Expedia Group is headquartered in Seattle, Washington.