Expedia Group (NASDAQ:EXPE) Price Target Cut to $128.00 by Analysts at JPMorgan Chase & Co.

Expedia Group (NASDAQ:EXPE) had its target price lowered by JPMorgan Chase & Co. from $136.00 to $128.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the online travel company’s stock.

EXPE has been the subject of a number of other reports. TD Cowen reduced their price target on shares of Expedia Group from $165.00 to $130.00 and set a buy rating for the company in a research report on Friday. Wells Fargo & Company cut their price target on Expedia Group from $159.00 to $155.00 and set an equal weight rating for the company in a research note on Friday, February 9th. B. Riley dropped their target price on shares of Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a report on Friday. Evercore ISI reduced their price target on shares of Expedia Group from $190.00 to $175.00 and set an outperform rating on the stock in a report on Friday. Finally, Piper Sandler downgraded Expedia Group from an overweight rating to a neutral rating and cut their price objective for the stock from $175.00 to $145.00 in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $148.08.

Expedia Group Stock Performance

NASDAQ EXPE opened at $115.33 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. The business’s 50 day moving average is $134.23 and its two-hundred day moving average is $134.85. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.42 and a beta of 1.83. Expedia Group has a 12-month low of $87.94 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. Research analysts expect that Expedia Group will post 9.7 EPS for the current year.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently made changes to their positions in EXPE. Rehmann Capital Advisory Group increased its holdings in Expedia Group by 34.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,729 shares of the online travel company’s stock valued at $651,000 after purchasing an additional 1,221 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Expedia Group in the first quarter valued at about $889,000. FORA Capital LLC raised its holdings in shares of Expedia Group by 6.0% during the 1st quarter. FORA Capital LLC now owns 60,178 shares of the online travel company’s stock valued at $8,290,000 after buying an additional 3,424 shares during the period. Daiwa Securities Group Inc. lifted its position in Expedia Group by 2.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 15,454 shares of the online travel company’s stock worth $2,129,000 after acquiring an additional 298 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Expedia Group in the 1st quarter worth approximately $66,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

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.