Goldman Sachs cut shares of Expedia Inc (NASDAQ:EXPE) to a neutral rating in a research note published on Wednesday morning, Market Beat.com reports. The firm currently has $93.00 target price on the online travel company’s stock, down from their previous target price of $135.00.

Several hedge funds and institutional investors have made changes to their positions in the company. Gerstein Fisher increased its position in shares of Expedia by 1.7% in the third quarter. Gerstein Fisher now owns 7,490 shares of the online travel company’s stock valued at $881,000 after buying an additional 124 shares during the last quarter. Contravisory Investment Management acquired a new position in shares of Expedia during the fourth quarter valued at $6,884,000. Reynolds Capital Management increased its position in shares of Expedia by 103.8% in the fourth quarter. Reynolds Capital Management now owns 5,300 shares of the online travel company’s stock valued at $659,000 after buying an additional 2,700 shares during the last quarter. Marcus Capital acquired a new position in shares of Expedia during the fourth quarter valued at $3,505,000. Finally, Natixis Asset Management increased its position in shares of Expedia by 19.9% in the third quarter. Natixis Asset Management now owns 4,952 shares of the online travel company’s stock valued at $583,000 after buying an additional 823 shares during the last quarter.

Shares of Expedia (NASDAQ:EXPE) traded down 0.84% during trading on Wednesday, hitting $98.69. 2,624,969 shares of the stock traded hands. The stock has a 50 day moving average of $117.71 and a 200 day moving average of $120.25. The firm has a market cap of $12.81 billion and a price-to-earnings ratio of 15.48. Expedia has a 52-week low of $76.34 and a 52-week high of $140.51.

Several other analysts also recently weighed in on EXPE. Evercore ISI restated a hold rating and issued a $145.00 price objective (up from $140.00) on shares of Expedia in a report on Friday, October 30th. Deutsche Bank lifted their price objective on Expedia from $135.00 to $137.00 and gave the company a buy rating in a report on Wednesday, October 28th. Cowen and Company restated a buy rating and issued a $160.00 price objective (up from $150.00) on shares of Expedia in a report on Friday, October 30th. RBC Capital lifted their price objective on Expedia from $170.00 to $180.00 and gave the company an outperform rating in a report on Friday, October 30th. Finally, Macquarie lifted their price objective on Expedia from $139.00 to $145.00 and gave the company a neutral rating in a report on Friday, October 30th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Expedia has a consensus rating of Buy and a consensus target price of $137.26.

Expedia, Inc. (NASDAQ:EXPE) is an online travel company. The Company provides travel products and services provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies, which provides a range of travel and advertising services through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world, EAN, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com and Classic Vacations; trivago, which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites, and Egencia, which provides managed travel services. In addition, it offers Travelocity, Orbitz, ebookers, HotelClub, and CheapTickets brands and business-to-business offerings, including Orbitz Partner Network and Orbitz for Business.

12 Month Chart for NASDAQ:EXPE

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