Expedia Group (NASDAQ:EXPE) Price Target Cut to $137.00 by Analysts at Wells Fargo & Company

Expedia Group (NASDAQ:EXPE) had its price target reduced by Wells Fargo & Company from $149.00 to $137.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an equal weight rating on the online travel company’s stock.

A number of other equities analysts also recently commented on EXPE. The Goldman Sachs Group lifted their price objective on Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a research report on Friday, January 19th. DA Davidson reaffirmed a neutral rating and set a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a research note on Friday. StockNews.com raised shares of Expedia Group from a hold rating to a buy rating in a research note on Wednesday, February 14th. TD Cowen lowered their price objective on shares of Expedia Group from $165.00 to $130.00 and set a buy rating for the company in a research report on Friday. Finally, BMO Capital Markets lowered Expedia Group from an outperform rating to a market perform rating and cut their target price for the company from $165.00 to $145.00 in a research report on Friday. Sixteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Expedia Group has a consensus rating of Hold and a consensus target price of $148.40.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $116.02 on Friday. The company has a market cap of $15.81 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group has a twelve month low of $88.81 and a twelve month high of $160.05. The company’s 50-day moving average price is $133.43 and its 200-day moving average price is $135.60. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. On average, sell-side analysts forecast that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.07% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC boosted its holdings in shares of Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new stake in Expedia Group during the 4th quarter worth approximately $26,000. City State Bank grew its stake in shares of Expedia Group by 157.3% in the 4th 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 last quarter. CVA Family Office LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

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.