Expedia Group (NASDAQ:EXPE) Given New $137.00 Price Target at Wells Fargo & Company

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

Other analysts also recently issued reports about the company. Piper Sandler downgraded Expedia Group from an overweight rating to a neutral rating and decreased their price target for the company from $175.00 to $145.00 in a research note on Friday. The Goldman Sachs Group lifted their price target on Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research note on Friday, January 19th. DA Davidson restated a neutral rating and issued a $135.00 price target (down from $152.00) on shares of Expedia Group in a research note on Friday. B. Riley decreased their price target on Expedia Group from $200.00 to $190.00 and set a buy rating on the stock in a research note on Friday. Finally, Wedbush decreased their target price on Expedia Group from $130.00 to $125.00 and set a neutral rating on the stock in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $148.08.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $20.76 during trading on Friday, reaching $115.33. The company had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.83. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s fifty day moving average price is $134.23 and its 200 day moving average price is $134.85. Expedia Group has a fifty-two week low of $87.94 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. As a group, equities research analysts predict that Expedia Group will post 9.7 EPS for the current year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its stake in Expedia Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock worth $773,000 after acquiring an additional 75 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in Expedia Group by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock worth $1,019,000 after acquiring an additional 78 shares during the last quarter. Parallel Advisors LLC increased its stake in Expedia Group by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after acquiring an additional 80 shares during the last quarter. Private Advisor Group LLC increased its stake in Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after acquiring an additional 87 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in Expedia Group by 5.8% during the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after acquiring an additional 88 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.