Mizuho Trims Expedia Group (NASDAQ:EXPE) Target Price to $135.00

Expedia Group (NASDAQ:EXPE) had its price objective trimmed by Mizuho from $140.00 to $135.00 in a report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the online travel company’s stock.

A number of other brokerages have also weighed in on EXPE. Royal Bank of Canada reiterated a sector perform rating and set a $155.00 target price on shares of Expedia Group in a research note on Friday, February 9th. The Goldman Sachs Group boosted their target price on shares of Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research note on Friday, January 19th. JPMorgan Chase & Co. boosted their target price on shares of Expedia Group from $115.00 to $136.00 and gave the company a neutral rating in a research note on Friday, February 9th. Oppenheimer restated an outperform rating and issued a $175.00 price objective on shares of Expedia Group in a research note on Monday, April 29th. Finally, StockNews.com upgraded Expedia Group from a hold rating to a buy rating in a research note on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of Hold and a consensus target price of $148.08.

Expedia Group Stock Down 15.3 %

EXPE stock traded down $20.76 during midday trading on Friday, hitting $115.33. The company’s stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The company has a market cap of $15.72 billion, a PE ratio of 21.60, a P/E/G 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. 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 firm’s 50-day moving average is $134.23 and its 200-day moving average is $134.85.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. On average, equities research analysts forecast that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXPE. Harbor Capital Advisors Inc. grew its holdings in shares of Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock worth $773,000 after purchasing an additional 75 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after acquiring an additional 78 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Expedia Group by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after acquiring an additional 80 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Expedia Group by 0.4% in the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock valued at $3,354,000 after purchasing an additional 87 shares during the period. Finally, First Trust Direct Indexing L.P. grew its stake in Expedia Group by 5.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after purchasing an additional 88 shares in the last quarter. 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.