Wells Fargo & Company Issues Pessimistic Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

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

Several other research firms have also issued reports on EXPE. Benchmark upped their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Susquehanna raised their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Twenty equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.96.

Expedia Group Stock Down 0.3 %

EXPE stock traded down $0.59 during midday trading on Thursday, reaching $185.93. 76,370 shares of the company’s stock traded hands, compared to its average volume of 1,021,065. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.81 and a beta of 1.83. The firm’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.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,951 shares of company stock valued at $5,045,310. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXPE. Windacre Partnership LLC boosted its stake in Expedia Group by 49.5% during the 3rd 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 during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after buying an additional 596,510 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Expedia Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after acquiring an additional 20,005 shares during the period. Fisher Asset Management LLC increased its position in Expedia Group by 9.4% during the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after acquiring an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.