Expedia Group (NASDAQ:EXPE) Given New $100.00 Price Target at Mizuho

Expedia Group (NASDAQ:EXPE) had its target price reduced by analysts at Mizuho from $115.00 to $100.00 in a report released on Monday, The Fly reports. Mizuho’s price objective would suggest a potential upside of 0.61% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Oppenheimer cut shares of Expedia Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $160.00 to $110.00 in a research note on Monday, November 11th. Credit Suisse Group reduced their target price on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Barclays reaffirmed a “buy” rating and issued a $151.00 target price on shares of Expedia Group in a research report on Wednesday, October 16th. Piper Jaffray Companies lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $124.00 in a research note on Thursday, November 7th. Finally, Raymond James cut their price target on shares of Expedia Group from $150.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $140.17.

EXPE stock opened at $99.39 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $14.73 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.61 and a beta of 0.99. The business has a 50-day moving average of $116.76 and a 200-day moving average of $126.23. Expedia Group has a fifty-two week low of $93.53 and a fifty-two week high of $144.00.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.65 EPS. Equities analysts expect that Expedia Group will post 5.04 EPS for the current year.

In other Expedia Group news, Director Samuel H. Altman acquired 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $98.83 per share, for a total transaction of $1,976,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total value of $1,246,722.18. Following the completion of the sale, the insider now owns 36,029 shares in the company, valued at approximately $4,870,760.51. The disclosure for this sale can be found here. Insiders have sold 111,944 shares of company stock valued at $14,790,690 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Lenox Wealth Advisors LLC boosted its position in Expedia Group by 113.3% during the third quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock worth $26,000 after purchasing an additional 102 shares during the period. WealthStone Inc. acquired a new position in shares of Expedia Group in the second quarter valued at $27,000. FNY Investment Advisers LLC bought a new position in shares of Expedia Group in the second quarter valued at about $28,000. Signaturefd LLC raised its position in shares of Expedia Group by 75.8% in the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 119 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $41,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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