Expedia Group (NASDAQ: EXPE) Price target reduced to $ 168.00
Expedia Group (NASDAQ: EXPE) saw its price target lowered by Piper Sandler research analysts from $ 185.00 to $ 168.00 in a report released Friday, Fly reports. The brokerage currently has a “neutral” rating on the shares of the online travel company. Piper Sandler’s price target would suggest a potential rise of 12.85% from the company’s previous close.
A number of other research analysts have also recently published reports on EXPE. Stifel Nicolaus lowered his price target on Expedia Group from $ 165.00 to $ 160.00 and set a “hold” rating on the stock in a report released Friday. Royal Bank of Canada lowered its price target on Expedia Group from $ 175.00 to $ 165.00 and set a “sector performance” rating for the stock in a report released Friday. Credit Suisse Group raised its price target on Expedia Group from $ 168.00 to $ 198.00 and gave the company an “outperformance” rating in a report released on Friday, May 7. Cowen lowered his price target on Expedia Group from $ 210.00 to $ 170.00 and set a “market performance” rating on the stock in a report released Friday. Finally, Gordon Haskett downgraded Expedia Group from a “buy” rating to a “keep” rating and set a target price of $ 168.00 for the stock. in a report on Friday. Sixteen equity research analysts rated the stock with a conservation rating and twelve gave the company a buy rating. The company currently has an average rating of “Hold” and an average target price of $ 177.29.
EXPED traded at $ 12.82 in Friday’s session, reaching $ 148.87. 661,481 shares were traded, for an average volume of 2,779,560. The share has a 50-day moving average price of $ 165.57. The company has a market cap of $ 21.88 billion, a price-to-earnings ratio of -10.67 and a beta of 1.73. Expedia Group has a one-year low at $ 80.89 and a one-year high at $ 187.93. The company has a debt ratio of 3.15, a quick ratio of 1.01, and a current ratio of 1.01.
Expedia Group (NASDAQ: EXPE) last released its quarterly earnings data on Thursday, May 6. The online travel company reported ($ 2.02) EPS for the quarter, beating the consensus estimate of ($ 2.86) by $ 0.84. Expedia Group recorded a negative return on equity of 46.51% and a negative net margin of 44.59%. The company posted revenue of $ 1.25 billion for the quarter, compared to a consensus estimate of $ 1.10 billion. During the same period last year, the company posted ($ 1.83) EPS. Expedia Group’s quarterly revenue was down 43.6% year-over-year. As a group, equity analysts predict that the Expedia Group will post EPS of -2.33 for the current year.
Separately, CAO Lance A. Soliday sold 262 shares of the company in a trade that took place on Tuesday, May 18. The stock was sold for an average price of $ 170.13, for a total value of $ 44,574.06. Following the completion of the sale, the chief accounting officer now directly owns 7,601 shares of the company, valued at $ 1,293,158.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Additionally, CFO Eric M. Hart sold 53,907 shares of the company in a trade that took place on Friday, May 14. The shares were sold at an average price of $ 170.00, for a total value of $ 9,164,190.00. Following the closing of the sale, the CFO now owns 30,055 shares of the company, valued at $ 5,109,350. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 169,769 shares of the company valued at $ 28,818,931. 2.20% of the shares are held by insiders of the company.
Several hedge funds have recently bought and sold shares of EXPE. Squarepoint Ops LLC acquired a new position in Expedia Group in the fourth quarter for a value of approximately $ 471,000. Norges Bank acquired a new position in Expedia Group in the fourth quarter, valued at approximately $ 106,210,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Expedia Group in the fourth quarter for a value of approximately $ 544,000. Everence Capital Management Inc. acquired a new position in Expedia Group in the first quarter valued at approximately $ 926,000. Finally, Chesley Taft & Associates LLC acquired a new position in Expedia Group in the first quarter for a value of approximately $ 2,526,000. Institutional investors and hedge funds hold 92.73% of the company’s shares.
Expedia Group Company Profile
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through the Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative housing; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency for travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, specialist in luxury travel; and Expedia Cruise, a provider of advice for travelers booking cruises.
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