Credit Suisse Group Lowers Expedia Group (NASDAQ:EXPE) Price Target to $125.00

Expedia Group (NASDAQ:EXPE) had its price target cut by investment analysts at Credit Suisse Group from $127.00 to $125.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the online travel company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 54.30% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on Expedia Group from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. UBS Group cut their price target on Expedia Group from $100.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. BTIG Research assumed coverage on Expedia Group in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. DA Davidson boosted their price target on Expedia Group from $70.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus boosted their price target on Expedia Group from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.88.

Shares of NASDAQ EXPE traded down $3.92 on Friday, hitting $81.01. The company had a trading volume of 10,891,854 shares, compared to its average volume of 2,838,047. Expedia Group has a 12-month low of $40.76 and a 12-month high of $139.88. The business has a 50 day moving average of $83.65 and a two-hundred day moving average of $83.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $11.42 billion, a P/E ratio of -7.14 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.58) by ($0.25). Expedia Group had a negative return on equity of 6.36% and a negative net margin of 17.09%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted ($0.27) EPS. The company’s revenue was down 15.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Expedia Group will post -7.04 earnings per share for the current year.

In related news, insider Robert J. Dzielak sold 2,575 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $88.72, for a total value of $228,454.00. Following the completion of the transaction, the insider now directly owns 32,663 shares of the company’s stock, valued at approximately $2,897,861.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 100,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.45, for a total value of $8,445,000.00. Following the completion of the transaction, the director now directly owns 426,977 shares of the company’s stock, valued at $36,058,207.65. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of EXPE. Manning & Napier Group LLC bought a new position in Expedia Group in the 1st quarter worth approximately $87,503,000. Norges Bank bought a new position in Expedia Group in the 4th quarter worth approximately $154,873,000. First Trust Advisors LP grew its holdings in Expedia Group by 42.2% in the 1st quarter. First Trust Advisors LP now owns 2,473,063 shares of the online travel company’s stock worth $139,159,000 after buying an additional 734,319 shares in the last quarter. Ardevora Asset Management LLP bought a new position in Expedia Group during the 2nd quarter valued at $43,248,000. Finally, Alta Capital Management LLC boosted its stake in Expedia Group by 125.3% during the 1st quarter. Alta Capital Management LLC now owns 535,430 shares of the online travel company’s stock valued at $30,128,000 after purchasing an additional 297,806 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Read More: What is the cash asset ratio?

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.