Citic Securities Cuts Expedia Group (NASDAQ:EXPE) Price Target to $320.00

Expedia Group (NASDAQ:EXPE) had its price target reduced by equities researchers at Citic Securities from $337.00 to $320.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Citic Securities’ target price indicates a potential upside of 46.83% from the stock’s previous close.

EXPE has been the subject of several other research reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Tuesday, February 17th. Susquehanna lifted their target price on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company reduced their price target on shares of Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $240.00 price target on shares of Expedia Group in a research report on Monday, April 27th. Finally, Citigroup dropped their price objective on shares of Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $285.15.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded up $0.77 during trading on Friday, hitting $217.94. 172,574 shares of the stock were exchanged, compared to its average volume of 2,346,623. The company has a market cap of $26.71 billion, a PE ratio of 19.18, a P/E/G ratio of 0.68 and a beta of 1.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a fifty day moving average price of $238.89 and a two-hundred day moving average price of $249.61. Expedia Group has a 12-month low of $156.05 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. On average, analysts forecast that Expedia Group will post 16.64 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in the business. Motiv8 Investments LLC purchased a new stake in Expedia Group in the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $26,000. JFS Wealth Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Expedia Group in the 4th quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Expedia Group in the 3rd quarter worth $30,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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.