Wells Fargo & Company Lowers Expedia Group (NASDAQ:EXPE) Price Target to $155.00

Expedia Group (NASDAQ:EXPEFree Report) had its target price decreased by Wells Fargo & Company from $159.00 to $155.00 in a research note issued to investors on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the online travel company’s stock.

Other equities analysts also recently issued research reports about the company. Piper Sandler increased their price target on Expedia Group from $119.00 to $135.00 and gave the stock an overweight rating in a research report on Friday, November 3rd. Benchmark increased their price target on Expedia Group from $160.00 to $180.00 and gave the stock a buy rating in a research report on Tuesday. StockNews.com downgraded Expedia Group from a buy rating to a hold rating in a research report on Tuesday. TheStreet upgraded Expedia Group from a c+ rating to a b- rating in a research report on Thursday, November 30th. Finally, BTIG Research increased their price target on Expedia Group from $150.00 to $175.00 and gave the stock a buy rating in a research report on Wednesday, December 27th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $149.29.

Check Out Our Latest Stock Report on Expedia Group

Expedia Group Stock Down 17.8 %

Expedia Group stock opened at $131.11 on Friday. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.44 and a beta of 1.90. The business’s 50-day moving average price is $148.98 and its 200 day moving average price is $123.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.14. Expedia Group has a 52 week low of $87.94 and a 52 week high of $160.05.

Expedia Group declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the online travel company to reacquire up to 30.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 477 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $136.53, for a total transaction of $65,124.81. Following the completion of the sale, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,355,879.43. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 477 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $136.53, for a total transaction of $65,124.81. Following the completion of the sale, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,355,879.43. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $150.88, for a total value of $1,508,800.00. Following the sale, the director now directly owns 226,521 shares of the company’s stock, valued at approximately $34,177,488.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,477 shares of company stock worth $13,989,925. 8.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new stake in shares of Expedia Group in the third quarter valued at $26,000. Clear Street Markets LLC boosted its holdings in Expedia Group by 88.3% in the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Lindbrook Capital LLC boosted its holdings in Expedia Group by 114.4% in the second quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 143 shares during the period. City State Bank boosted its holdings in Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares during the period. Finally, CVA Family Office LLC purchased a new position in Expedia Group in the fourth quarter valued at $32,000. 91.15% of the stock is owned by institutional investors and hedge funds.

About Expedia Group

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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