Wells Fargo & Company Increases Expedia Group (NASDAQ:EXPE) Price Target to $199.00

Expedia Group (NASDAQ:EXPE) had its price objective raised by equities research analysts at Wells Fargo & Company from $168.00 to $199.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 0.41% from the stock’s previous close.

Several other analysts also recently weighed in on EXPE. Barclays increased their target price on Expedia Group from $153.00 to $166.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Cantor Fitzgerald decreased their target price on Expedia Group from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Moderate Buy” and an average target price of $182.36.

Expedia Group Stock Performance

EXPE stock traded up $25.61 on Friday, reaching $198.18. The company’s stock had a trading volume of 2,643,156 shares, compared to its average volume of 1,746,990. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 52 week low of $107.25 and a 52 week high of $203.19. The firm has a fifty day moving average of $182.07 and a two-hundred day moving average of $159.92. The company has a market capitalization of $25.44 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. As a group, analysts predict that Expedia Group will post 8.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,951 shares of company stock worth $5,174,510 over the last 90 days. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Caprock Group LLC raised its holdings in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after acquiring an additional 2,569 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in Expedia Group during the fourth quarter worth about $1,791,000. Cozad Asset Management Inc. boosted its stake in shares of Expedia Group by 16.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after acquiring an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Expedia Group by 13.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after buying an additional 75,120 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group during the third quarter worth approximately $527,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.