JPMorgan Chase & Co. Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

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

EXPE has been the topic of a number of other reports. Oppenheimer reduced their target price on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.43.

Expedia Group Price Performance

NASDAQ EXPE traded up $2.27 on Tuesday, hitting $142.09. 1,187,161 shares of the company’s stock were exchanged, compared to its average volume of 1,964,382. The stock has a 50-day moving average of $180.02 and a 200-day moving average of $175.26. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Institutional Trading of Expedia Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its position in Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after buying an additional 4,656 shares during the period. Teamwork Financial Advisors LLC purchased a new position in Expedia Group during the 4th quarter valued at about $1,791,000. Clare Market Investments LLC purchased a new stake in Expedia Group in the 4th quarter worth approximately $319,000. Nisa Investment Advisors LLC increased its stake in shares of Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock valued at $11,180,000 after buying an additional 9,086 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in Expedia Group in the fourth quarter worth $238,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

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.