The Goldman Sachs Group Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price target trimmed by The Goldman Sachs Group from $219.00 to $183.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the online travel company’s stock.

Other research analysts also recently issued research reports about the company. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. BMO Capital Markets boosted their target price on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Argus raised their price target on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Bank of America lifted their price target on shares of Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.04.

Expedia Group Stock Down 7.4%

EXPE opened at $156.55 on Friday. The business’s 50-day moving average price is $161.69 and its 200-day moving average price is $175.85. 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 has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a market cap of $20.17 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts expect that Expedia Group will post 12.28 EPS for the current year.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new stake in shares of Expedia Group during the fourth quarter valued at $27,000. SRH Advisors LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group in the fourth quarter worth approximately $28,000. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group during the first quarter valued at approximately $28,000. Finally, Grove Bank & Trust lifted its position in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 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.