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

Expedia Group (NASDAQ:EXPE) had its target price cut by Oppenheimer from $235.00 to $230.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the online travel company’s stock. Oppenheimer’s price objective indicates a potential upside of 39.26% from the stock’s previous close.

Several other brokerages also recently weighed in on EXPE. The Goldman Sachs Group increased their price target on Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Citigroup increased their price target on Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price target on Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Finally, Susquehanna increased their price target on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Expedia Group has an average rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Trading Down 0.7 %

Shares of EXPE stock opened at $165.16 on Monday. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $184.20 and its two-hundred day simple moving average is $172.26. The company has a market cap of $21.28 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Research analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $4,577,900 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Norges Bank acquired a new stake in Expedia Group during the 4th quarter worth about $670,565,000. Windacre Partnership LLC lifted its position in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. lifted its position in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the period. Alkeon Capital Management LLC lifted its position in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the period. Finally, Bamco Inc. NY acquired a new stake in Expedia Group during the 4th quarter worth about $80,206,000. 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.