Mizuho Lowers Expedia Group (NASDAQ: EXPE) Price Target to $ 132.00

Expedia Group (NASDAQ: EXPE – Get Rating) had its price target decreased by equities researchers at Mizuho from $ 172.00 to $ 132.00 in a research report issued to clients and investors on Friday, The Fly reports. Mizuho’s price target would indicate a potential upside of 29.40% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Royal Bank of Canada cut their target price on shares of Expedia Group from $ 200.00 to $ 185.00 in a research report on Tuesday, May 3rd. Piper Sandler cut their price objective on shares of Expedia Group from $ 225.00 to $ 155.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. Argus cut their price objective on shares of Expedia Group from $ 240.00 to $ 220.00 in a research report on Thursday, April 7th. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Finally, Benchmark boosted their price objective on shares of Expedia Group from $ 265.00 to $ 275.00 in a research report on Tuesday, May 3rd. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average price target of $ 180.63.

Expedia Group Stock Down 0.2%

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Shares of EXPE stock traded down $ 0.19 during trading hours on Friday, hitting $ 102.01. 101,709 shares of the company’s stock traded hands, compared to its average volume of 2,295,689. The stock’s fifty day simple moving average is $ 105.35 and its two-hundred day simple moving average is $ 151.68. Expedia Group has a 12-month low of $ 88.70 and a 12-month high of $ 217.72. The stock has a market cap of $ 16.03 billion, a price-to-earnings ratio of 88.10, a PEG ratio of 1.71 and a beta of 1.60. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16.

Expedia Group (NASDAQ: EXPE – Get Rating) last released its earnings results on Thursday, August 4th. The online travel company reported $ 1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.57 by $ 0.39. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The firm had revenue of $ 3.18 billion during the quarter, compared to analyst estimates of $ 2.99 billion. During the same period last year, the business earned ($ 1.77) earnings per share. The business’s revenue was up 50.7% on a year-over-year basis. On average, analyzes expect that Expedia Group will post 4.42 EPS for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $ 124.12, for a total value of $ 46,669.12. Following the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $ 1,110,749.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Expedia Group by 4.8% during the first quarter. Vanguard Group Inc. now owns 16,147,624 shares of the online travel company’s stock valued at $ 3,159,605,000 after acquiring an additional 741,856 shares during the last quarter. D1 Capital Partners LP raised its holdings in shares of Expedia Group by 10.5% in the fourth quarter. D1 Capital Partners LP now owns 12,683,542 shares of the online travel company’s stock worth $ 2,292,170,000 after buying an additional 1,200,900 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Expedia Group by 4.8% in the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $ 1,847,057,000 after buying an additional 469,338 shares during the last quarter. State Street Corp raised its holdings in shares of Expedia Group by 4.7% in the fourth quarter. State Street Corp now owns 5,820,781 shares of the online travel company’s stock worth $ 1,051,932,000 after buying an additional 262,865 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Expedia Group by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,769,044 shares of the online travel company’s stock worth $ 499,177,000 after purchasing an additional 145,493 shares during the last quarter. 96.08% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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