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

Expedia Group (NASDAQ:EXPE) had its price objective reduced by stock analysts at Wells Fargo & Company from $172.00 to $168.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 9.64% from the company’s current price.

Several other equities research analysts have also issued reports on EXPE. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Benchmark raised their price target on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Argus upped their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.96.

Expedia Group Stock Performance

NASDAQ:EXPE traded down $0.59 during mid-day trading on Thursday, hitting $185.93. 76,370 shares of the company traded hands, compared to its average volume of 1,021,065. The stock’s fifty day moving average price is $183.94 and its 200-day moving average price is $154.78. 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 one year low of $107.25 and a one year high of $192.34. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares of the company’s stock, valued at $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock worth $5,045,310. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently modified their holdings of the business. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group during the 2nd quarter valued at about $39,183,000. Hedge funds and other institutional investors 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.