Wells Fargo & Company Cuts Expedia Group (NASDAQ:EXPE) Price Target to $168.00

Expedia Group (NASDAQ:EXPE) had its price objective lowered by Wells Fargo & Company from $172.00 to $168.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the online travel company’s stock.

EXPE has been the topic of a number of other research reports. UBS Group lifted their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. TD Cowen lowered shares of Expedia Group from a “buy” rating to a “hold” rating and raised their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Wedbush boosted their price objective on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Benchmark raised their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $175.96.

Expedia Group Stock Performance

Shares of EXPE stock opened at $187.28 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. Expedia Group has a one year low of $107.25 and a one year high of $192.34. The company has a 50 day moving average price of $184.66 and a 200 day moving average price of $155.92.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was 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 owns 11,187 shares in the company, valued at $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 three months, insiders sold 28,951 shares of company stock worth $5,045,310. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caprock Group LLC raised its position in shares of Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after purchasing an additional 2,569 shares during the period. Cozad Asset Management Inc. lifted its stake in Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after buying an additional 4,449 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock valued at $96,171,000 after acquiring an additional 75,120 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of Expedia Group during the third quarter worth about $527,000. Finally, DoubleLine ETF Adviser LP bought a new stake in Expedia Group in the 2nd quarter valued at about $465,000. Institutional investors and hedge funds 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.