Expedia Group (NASDAQ:EXPE) Price Target Cut to $130.00 by Analysts at Wells Fargo & Company

Expedia Group (NASDAQ:EXPE) had its target price trimmed by Wells Fargo & Company from $140.00 to $130.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

Several other equities research analysts have also recently issued reports on the company. B. Riley cut their target price on Expedia Group from $200.00 to $190.00 and set a buy rating for the company in a research note on Friday, May 3rd. Piper Sandler restated a neutral rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a report on Friday. Wedbush upped their target price on shares of Expedia Group from $125.00 to $130.00 and gave the company a neutral rating in a research report on Friday. Mizuho dropped their price target on shares of Expedia Group from $140.00 to $135.00 and set a neutral rating for the company in a research report on Friday, May 3rd. Finally, Barclays decreased their price objective on shares of Expedia Group from $138.00 to $134.00 and set an equal weight rating on the stock in a report on Friday. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of Hold and a consensus price target of $147.92.

Expedia Group Trading Up 10.2 %

EXPE stock traded up $12.04 during trading on Friday, reaching $130.01. 6,092,480 shares of the stock were exchanged, compared to its average volume of 2,451,472. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 0.46 and a beta of 1.78. The business has a 50 day moving average price of $125.31 and a 200-day moving average price of $129.50. Expedia Group has a 1 year low of $92.48 and a 1 year high of $160.05.

Insider Buying and Selling at Expedia Group

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

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently modified their holdings of EXPE. Foresight Global Investors Inc. acquired a new stake in Expedia Group during the 2nd quarter valued at $1,231,000. Stock Yards Bank & Trust Co. grew its holdings in Expedia Group by 1.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 186,289 shares of the online travel company’s stock valued at $23,471,000 after buying an additional 2,521 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after buying an additional 135,973 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Expedia Group by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 217,286 shares of the online travel company’s stock valued at $27,376,000 after buying an additional 16,856 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Expedia Group by 32.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 17,281 shares of the online travel company’s stock valued at $2,177,000 after buying an additional 4,244 shares during the last quarter. 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.