Barclays Cuts Expedia Group (NASDAQ:EXPE) Price Target to $138.00

Expedia Group (NASDAQ:EXPE) had its price objective decreased by equities research analysts at Barclays from $158.00 to $138.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Barclays‘s price target would suggest a potential upside of 19.19% from the stock’s previous close.

Several other research analysts have also issued reports on EXPE. Oppenheimer restated an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research report on Monday, April 29th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Piper Sandler downgraded shares of Expedia Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $175.00 to $145.00 in a report on Friday. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their target price on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday. Sixteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.40.

Expedia Group Price Performance

EXPE stock traded up $0.45 on Monday, hitting $115.78. 1,990,565 shares of the company’s stock traded hands, compared to its average volume of 2,566,347. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a 1-year low of $88.81 and a 1-year high of $160.05. The stock has a fifty day moving average of $133.81 and a 200-day moving average of $135.45.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. On average, analysts forecast that Expedia Group will post 9.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.07% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. University of Texas Texas AM Investment Managment Co. acquired a new position in Expedia Group during the fourth quarter valued at approximately $26,000. City State Bank raised its stake in Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC bought a new position in Expedia Group in the fourth quarter valued at about $32,000. MV Capital Management Inc. lifted its position in Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after acquiring an additional 245 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.