Expedia Group (NASDAQ:EXPE) Price Target Lowered to $253.00 at Sanford C. Bernstein

Expedia Group (NASDAQ:EXPE) had its price objective decreased by Sanford C. Bernstein from $256.00 to $253.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “market perform” rating on the online travel company’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 9.21% from the stock’s current price.

Several other brokerages also recently weighed in on EXPE. TD Cowen reduced their price target on Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a report on Friday, February 13th. B. Riley Financial increased their price target on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a report on Monday, January 12th. Royal Bank Of Canada upped their price objective on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Citigroup lowered their price target on Expedia Group from $281.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Jefferies Financial Group lifted their price objective on Expedia Group from $270.00 to $285.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $281.65.

Expedia Group Trading Down 4.1%

Shares of NASDAQ EXPE opened at $231.66 on Wednesday. The stock has a market cap of $28.39 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 1 year low of $130.01 and a 1 year high of $303.80. The firm has a 50-day moving average of $250.96 and a 200 day moving average of $243.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $2.39 earnings per share. As a group, sell-side analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.13% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Vanguard Group Inc. lifted its position in shares of Expedia Group by 0.7% in the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after acquiring an additional 102,494 shares in the last quarter. Norges Bank bought a new stake in shares of Expedia Group in the second quarter worth about $663,882,000. Windacre Partnership LLC boosted its stake in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after buying an additional 309,900 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Expedia Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after acquiring an additional 58,244 shares during the last quarter. 90.76% of the stock is 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.