Wells Fargo & Company Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

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

EXPE has been the subject of several other reports. Robert W. Baird assumed coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. BTIG Research upped their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price target on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $175.96.

Expedia Group Stock Performance

EXPE stock opened at $187.28 on Thursday. The company has a 50-day simple moving average of $184.66 and a 200 day simple moving average of $155.92. The company has a market capitalization of $24.04 billion, a P/E ratio of 24.10, a PEG ratio of 0.81 and a beta of 1.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $192.34.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,045,310 in the last three months. Insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust increased its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter worth $51,000. UMB Bank n.a. boosted its holdings in shares of Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after buying an additional 63 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in Expedia Group in the 3rd quarter valued at $74,000. 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.