Expedia Group (NASDAQ:EXPE) Given New $168.00 Price Target at Wells Fargo & Company

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

Several other research analysts also recently commented on EXPE. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Cantor Fitzgerald restated a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research report on Monday, October 7th. UBS Group upped their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Benchmark raised their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 14th. Twenty equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and an average price target of $175.96.

Expedia Group Price Performance

Expedia Group stock opened at $188.67 on Thursday. The firm has a market capitalization of $24.22 billion, a P/E ratio of 24.28, a PEG 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 debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day moving average price of $184.24 and a 200-day moving average price of $155.00.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,951 shares of company stock worth $5,045,310 over the last three months. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after buying an additional 62 shares during the period. Empirical Finance LLC boosted its holdings in shares of Expedia Group by 1.3% during the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares during the period. UMB Bank n.a. grew its stake in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after purchasing an additional 63 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in Expedia Group by 0.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after purchasing an additional 64 shares during the period. Finally, GHE LLC raised its position in Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after purchasing an additional 69 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.