Expedia Group (NASDAQ:EXPE – Get Free Report) had its target price lowered by equities researchers at Cantor Fitzgerald from $190.00 to $180.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 4.68% from the company’s current price.
A number of other brokerages have also recently issued reports on EXPE. Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on Expedia Group from $153.00 to $166.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Morgan Stanley boosted their target price on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on Expedia Group from $172.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 14th. Twenty investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $177.75.
View Our Latest Stock Analysis on Expedia Group
Expedia Group Trading Up 0.4 %
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. During the same period in the prior year, the business posted $4.85 earnings per share. Research analysts forecast that Expedia Group will post 8.76 EPS for the current fiscal year.
Insider Buying and Selling at Expedia Group
In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,951 shares of company stock valued at $3,476,610. Corporate insiders own 6.80% of the company’s stock.
Hedge Funds Weigh In On Expedia Group
Hedge funds have recently added to or reduced their stakes in the company. Nkcfo LLC bought a new stake in shares of Expedia Group in the 4th quarter worth $1,963,000. Strategic Financial Concepts LLC purchased a new stake in shares of Expedia Group during the fourth quarter valued at $13,853,000. Principal Securities Inc. increased its holdings in Expedia Group by 5.4% in the 4th quarter. Principal Securities Inc. now owns 2,360 shares of the online travel company’s stock worth $440,000 after buying an additional 121 shares in the last quarter. Rhumbline Advisers raised its position in Expedia Group by 4.7% in the 4th quarter. Rhumbline Advisers now owns 418,272 shares of the online travel company’s stock worth $77,936,000 after buying an additional 18,742 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in Expedia Group during the 4th quarter valued at about $200,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Expedia Group Company Profile
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.
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