Cantor Fitzgerald Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price target decreased by Cantor Fitzgerald from $190.00 to $180.00 in a report released on Wednesday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the online travel company’s stock.

A number of other research analysts also recently issued reports on EXPE. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Susquehanna increased their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, DA Davidson lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Twenty research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.75.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $170.95 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The company has a 50 day simple moving average of $183.54 and a two-hundred day simple moving average of $158.71. The company has a market capitalization of $21.94 billion, a PE ratio of 22.00, a P/E/G ratio of 0.77 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same quarter last year, the company earned $4.85 earnings per share. Research analysts anticipate that Expedia Group will post 8.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,951 shares of company stock valued at $3,476,610. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Convergence Investment Partners LLC boosted its holdings in Expedia Group by 45.9% in the 4th quarter. Convergence Investment Partners LLC now owns 8,316 shares of the online travel company’s stock worth $1,550,000 after buying an additional 2,617 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth $634,000. GAM Holding AG boosted its holdings in shares of Expedia Group by 6.6% in the fourth quarter. GAM Holding AG now owns 17,077 shares of the online travel company’s stock worth $3,182,000 after acquiring an additional 1,055 shares during the period. Venturi Wealth Management LLC grew its position in shares of Expedia Group by 391.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,630 shares of the online travel company’s stock valued at $304,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Pinnbrook Capital Management LP bought a new stake in shares of Expedia Group during the 4th quarter valued at $4,952,000. 90.76% of the stock is currently owned by institutional investors.

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.