Wells Fargo & Company Lowers Expedia Group (NASDAQ:EXPE) Price Target to $311.00

Expedia Group (NASDAQ:EXPE) had its price objective reduced by Wells Fargo & Company from $315.00 to $311.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 36.10% from the company’s current price.

EXPE has been the topic of several other reports. Barclays increased their target price on Expedia Group from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Cantor Fitzgerald set a $245.00 price target on Expedia Group in a research note on Friday, February 13th. TD Cowen cut their price objective on Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a report on Friday, February 13th. Morgan Stanley lifted their price objective on Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Finally, Susquehanna reiterated a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.65.

Expedia Group Stock Performance

Shares of EXPE stock opened at $228.51 on Wednesday. Expedia Group has a one year low of $130.01 and a one year high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50 day moving average price of $233.95 and a 200 day moving average price of $244.92. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business earned $2.39 EPS. Expedia Group’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently made changes to their positions in EXPE. Rockefeller Capital Management L.P. increased its stake in Expedia Group by 81.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,765 shares of the online travel company’s stock worth $4,467,000 after purchasing an additional 7,062 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after buying an additional 9,256 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Expedia Group by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 201,805 shares of the online travel company’s stock worth $57,151,000 after buying an additional 7,127 shares during the period. Reflection Asset Management acquired a new position in shares of Expedia Group in the fourth quarter worth about $73,000. Finally, Sankala Group LLC purchased a new position in shares of Expedia Group in the fourth quarter worth approximately $72,000. Institutional investors own 90.76% of the company’s stock.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.