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

Expedia Group (NASDAQ:EXPE - Free Report) had its target price lowered by Wells Fargo & Company from $172.00 to $168.00 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the online travel company's stock.

Several other research firms also recently issued reports on EXPE. Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Wedbush increased their target price on Expedia Group from $130.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, November 8th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Monday, December 16th. Bank of America raised shares of Expedia Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, BTIG Research boosted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $175.96.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded down $1.39 during midday trading on Thursday, hitting $187.28. The company had a trading volume of 1,909,774 shares, compared to its average volume of 1,184,189. The firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. Expedia Group has a twelve month low of $107.25 and a twelve month high of $192.34. The business has a 50-day simple moving average of $184.24 and a two-hundred day simple moving average of $155.00. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,951 shares of company stock worth $5,045,310. Corporate insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in Expedia Group by 8.4% during the second quarter. Envestnet Asset Management Inc. now owns 217,286 shares of the online travel company's stock valued at $27,376,000 after purchasing an additional 16,856 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company's stock valued at $132,851,000 after acquiring an additional 135,973 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Expedia Group by 10.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,060 shares of the online travel company's stock valued at $260,000 after acquiring an additional 187 shares during the last quarter. Amalgamated Bank increased its stake in shares of Expedia Group by 6.0% during the 2nd quarter. Amalgamated Bank now owns 42,949 shares of the online travel company's stock worth $5,411,000 after purchasing an additional 2,438 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Expedia Group by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the online travel company's stock valued at $1,335,000 after purchasing an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

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.