Expedia Group (NASDAQ:EXPE) Price Target Cut to $140.00 by Analysts at Wells Fargo & Company

Expedia Group (NASDAQ:EXPEGet Rating) had its target price dropped by research analysts at Wells Fargo & Company from $150.00 to $140.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the online travel company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 25.79% from the company’s previous close.

EXPE has been the subject of a number of other research reports. Jefferies Financial Group dropped their price objective on Expedia Group from $120.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, October 6th. Citigroup decreased their target price on Expedia Group from $118.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, November 8th. Morgan Stanley decreased their target price on Expedia Group from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. Piper Sandler decreased their target price on Expedia Group from $155.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 4th. Finally, Cowen decreased their target price on Expedia Group from $134.00 to $120.00 in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $145.28.

Expedia Group Trading Up 4.0 %

NASDAQ EXPE opened at $111.30 on Thursday. The stock has a 50-day simple moving average of $95.85 and a 200 day simple moving average of $98.40. The company has a market capitalization of $17.37 billion, a PE ratio of 40.77, a P/E/G ratio of 1.10 and a beta of 1.56. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.68. Expedia Group has a 12 month low of $82.39 and a 12 month high of $217.72.

Expedia Group (NASDAQ:EXPEGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The online travel company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.05. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.55 billion. Expedia Group had a return on equity of 24.05% and a net margin of 4.95%. Research analysts forecast that Expedia Group will post 5.66 EPS for the current year.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 635 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total transaction of $63,614.30. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at $896,510.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Expedia Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,898,096 shares of the online travel company’s stock valued at $1,583,182,000 after buying an additional 265,087 shares during the period. Artisan Partners Limited Partnership raised its stake in Expedia Group by 3.8% in the second quarter. Artisan Partners Limited Partnership now owns 5,216,952 shares of the online travel company’s stock valued at $494,724,000 after buying an additional 189,922 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock worth $375,888,000 after purchasing an additional 1,251,933 shares during the period. Capital Wealth Alliance LLC bought a new position in shares of Expedia Group during the second quarter worth approximately $12,058,000. Finally, Northern Trust Corp increased its stake in shares of Expedia Group by 2.0% during the second quarter. Northern Trust Corp now owns 1,525,008 shares of the online travel company’s stock worth $144,616,000 after purchasing an additional 30,580 shares during the period. Institutional investors own 89.89% of the company’s stock.

About Expedia Group

(Get Rating)

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

Featured Articles

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.