Expedia Group (NASDAQ:EXPE) Price Target Cut to $290.00 by Analysts at Gordon Haskett

Expedia Group (NASDAQ:EXPE) had its price target lowered by analysts at Gordon Haskett from $320.00 to $290.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Gordon Haskett’s target price indicates a potential upside of 34.60% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EXPE. Argus decreased their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Mizuho reduced their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. BTIG Research reiterated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research note on Friday, May 8th. UBS Group lowered their price target on Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Sixteen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $284.06.

Expedia Group Price Performance

Expedia Group stock traded down $6.03 during trading hours on Wednesday, reaching $215.46. 246,003 shares of the stock were exchanged, compared to its average volume of 2,362,173. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group has a twelve month low of $156.05 and a twelve month high of $303.80. The company has a market cap of $26.40 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30. The stock has a 50 day moving average of $238.77 and a two-hundred day moving average of $249.61.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts expect that Expedia Group will post 16.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Motiv8 Investments LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at $26,000. JFS Wealth Advisors LLC lifted its position in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new position in Expedia Group during the fourth quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in Expedia Group during the third quarter worth $30,000. 90.76% of the stock is owned by institutional investors and hedge funds.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.