JPMorgan Chase & Co. Lowers Expedia Group (NASDAQ:EXPE) Price Target to $170.00

Expedia Group (NASDAQ:EXPE) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $205.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 19.64% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. DA Davidson boosted their price target on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Barclays lifted their target price on shares of Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Finally, Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.43.

Expedia Group Trading Up 1.6 %

Shares of Expedia Group stock traded up $2.27 during trading on Tuesday, hitting $142.09. The stock had a trading volume of 1,187,161 shares, compared to its average volume of 1,964,382. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $18.31 billion, a PE ratio of 15.67, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a 50 day simple moving average of $180.02 and a 200 day simple moving average of $175.26.

Expedia Group (NASDAQ:EXPE) last released its earnings results 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%. On average, research analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently modified their holdings of the business. Greenleaf Trust raised its stake in Expedia Group by 2.5% in the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock worth $470,000 after purchasing an additional 61 shares in the last quarter. UMB Bank n.a. raised its position in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after buying an additional 63 shares in the last quarter. Signet Financial Management LLC boosted its stake in shares of Expedia Group by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company’s stock valued at $4,751,000 after buying an additional 74 shares during the period. Metis Global Partners LLC grew its position in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company’s stock worth $773,000 after buying an additional 74 shares in the last quarter. Finally, Diametric Capital LP increased its stake in Expedia Group by 1.6% during the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company’s stock worth $883,000 after acquiring an additional 74 shares during the period. Institutional investors 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.