Argus Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price target cut by research analysts at Argus from $360.00 to $300.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Argus‘s price target would indicate a potential upside of 18.98% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of Expedia Group from $275.00 to $278.00 and gave the stock a “cautious” rating in a report on Thursday, November 5th. Bank of America reiterated a “buy” rating on shares of Expedia Group in a research report on Thursday, August 6th. Susquehanna reduced their price objective on shares of Expedia Group from $315.00 to $310.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Evercore reissued an “outperform” rating on shares of Expedia Group in a research note on Thursday, November 5th. Finally, Truist Financial lowered their target price on shares of Expedia Group from $309.00 to $288.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $316.00.

Expedia Group Trading Down 0.6%

NASDAQ:EXPE opened at $252.15 on Wednesday. Expedia Group has a one year low of $185.34 and a one year high of $342.00. The business has a fifty day moving average price of $279.13 and a 200-day moving average price of $259.28. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 4th. The online travel company reported $9.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted $7.57 earnings per share. Expedia Group’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts forecast that Expedia Group will post 17.37 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the sale, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,947 shares of company stock worth $2,936,050 in the last three months. 5.20% of the stock is owned by company insiders.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Valley National Advisers Inc. boosted its holdings in shares of Expedia Group by 900.0% during 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 during the last quarter. Team Financial Group LLC bought a new stake in shares of Expedia Group in the third quarter worth about $26,000. First Bancorp Inc ME bought a new stake in shares of Expedia Group in the second quarter worth about $28,000. Jacobi Capital Management LLC bought a new stake in shares of Expedia Group in the third quarter worth about $44,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after buying an additional 131 shares in the last quarter. 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 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.