Wells Fargo & Company Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPEGet Free Report) had its price objective lowered by investment analysts at Wells Fargo & Company from $315.00 to $311.00 in a research note issued on Wednesday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 38.04% from the company’s previous close.

A number of other analysts have also recently weighed in on EXPE. Jefferies Financial Group raised shares of Expedia Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $300.00 in a report on Monday. TD Cowen dropped their target price on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. Zacks Research lowered shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Citizens Jmp reissued a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Fourteen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.65.

Check Out Our Latest Stock Analysis on EXPE

Expedia Group Trading Down 1.0%

EXPE opened at $225.30 on Wednesday. Expedia Group has a one year low of $130.01 and a one year high of $303.80. The company has a market cap of $27.61 billion, a P/E ratio of 22.87, a PEG ratio of 0.70 and a beta of 1.33. 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 business’s 50-day simple moving average is $231.98 and its 200-day simple moving average is $244.66.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.39 earnings per share. As a group, equities research analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the fourth quarter worth about $25,000. Entrust Financial LLC acquired a new position in Expedia Group in the 4th quarter valued at about $26,000. JFS Wealth Advisors LLC raised its stake in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Expedia Group during the 4th quarter valued at approximately $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Expedia Group during the 3rd quarter worth approximately $30,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Expedia Group

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Expedia Group Company Profile

(Get Free Report)

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.

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