Wells Fargo & Company Increases Expedia Group (NASDAQ:EXPE) Price Target to $140.00

Expedia Group (NASDAQ:EXPE) had its price target boosted by analysts at Wells Fargo & Company from $137.00 to $140.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.08% from the company’s previous close.

A number of other research firms have also commented on EXPE. Susquehanna reiterated a “neutral” rating and issued a $125.00 price objective on shares of Expedia Group in a report on Wednesday, May 15th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of Expedia Group in a report on Monday, April 29th. Royal Bank of Canada dropped their target price on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 3rd. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.24.

Expedia Group Stock Up 0.8 %

Shares of NASDAQ EXPE opened at $129.53 on Tuesday. Expedia Group has a one year low of $92.48 and a one year high of $160.05. The stock has a market capitalization of $17.65 billion, a P/E ratio of 24.26, a PEG ratio of 0.47 and a beta of 1.78. The firm’s 50 day simple moving average is $119.29 and its two-hundred day simple moving average is $132.98. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.57. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. As a group, analysts expect that Expedia Group will post 9.25 EPS for the current fiscal year.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in shares of Expedia Group by 16.4% in the third quarter. Advisors Asset Management Inc. now owns 6,268 shares of the online travel company’s stock valued at $646,000 after purchasing an additional 882 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Expedia Group by 20.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock worth $8,305,000 after buying an additional 13,797 shares during the last quarter. Diversified Trust Co raised its stake in shares of Expedia Group by 27.8% during the 3rd quarter. Diversified Trust Co now owns 3,654 shares of the online travel company’s stock worth $377,000 after acquiring an additional 794 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Expedia Group by 1.9% during the third quarter. Hohimer Wealth Management LLC now owns 6,633 shares of the online travel company’s stock valued at $684,000 after acquiring an additional 126 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Expedia Group in the third quarter valued at approximately $479,000. Hedge funds and other institutional investors 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.