Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Expedia Group (NASDAQ:EXPE) had its price target lifted by Wells Fargo & Company from $168.00 to $199.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 0.41% from the company’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their price target on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Argus raised their target price on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Robert W. Baird initiated coverage on Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.36.

Expedia Group Stock Up 14.8 %

Shares of Expedia Group stock traded up $25.61 during trading on Friday, reaching $198.18. 2,643,156 shares of the company traded hands, compared to its average volume of 1,746,990. The firm has a market capitalization of $25.44 billion, a PE ratio of 25.76, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a 50 day moving average price of $182.07 and a 200-day moving average price of $159.92. 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 1-year low of $107.25 and a 1-year high of $203.19.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that Expedia Group will post 8.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock worth $5,174,510. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

A number of hedge funds have recently made changes to their positions in the stock. SRH Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at about $28,000. Grove Bank & Trust increased its position in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group in the third quarter worth about $51,000. Finally, Golden State Wealth Management LLC bought a new position in Expedia Group in the 4th quarter valued at approximately $72,000. 90.76% of the stock is owned by 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.