Expedia Group (NASDAQ:EXPE – Free Report) had its price target decreased by Wells Fargo & Company from $159.00 to $155.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the online travel company’s stock.
EXPE has been the subject of several other reports. Evercore ISI upgraded Expedia Group from an in-line rating to an outperform rating and raised their target price for the company from $135.00 to $200.00 in a research note on Friday, November 17th. Barclays downgraded Expedia Group from an overweight rating to an equal weight rating and raised their target price for the company from $136.00 to $150.00 in a research note on Tuesday, December 12th. Wedbush reiterated a neutral rating and set a $130.00 price target on shares of Expedia Group in a research note on Friday. The Goldman Sachs Group boosted their target price on Expedia Group from $155.00 to $190.00 and gave the stock a buy rating in a research note on Friday, January 19th. Finally, HSBC assumed coverage on shares of Expedia Group in a report on Monday, October 23rd. They issued a hold rating and a $114.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $149.29.
Expedia Group Stock Performance
Expedia Group announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the online travel company to buy up to 30.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In related news, CAO Lance A. Soliday sold 477 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $136.53, for a total value of $65,124.81. Following the sale, the chief accounting officer now owns 9,931 shares in the company, valued at $1,355,879.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Robert J. Dzielak sold 70,000 shares of Expedia Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the transaction, the insider now owns 72,266 shares in the company, valued at approximately $9,719,777. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 477 shares of Expedia Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $136.53, for a total transaction of $65,124.81. Following the transaction, the chief accounting officer now owns 9,931 shares in the company, valued at approximately $1,355,879.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,477 shares of company stock worth $13,989,925. 8.07% of the stock is owned by insiders.
Institutional Trading of Expedia Group
Institutional investors and hedge funds have recently modified their holdings of the company. Almanack Investment Partners LLC. bought a new stake in shares of Expedia Group during the 3rd quarter valued at $26,000. Clear Street Markets LLC raised its position in shares of Expedia Group by 88.3% during the 1st quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Lindbrook Capital LLC raised its position in shares of Expedia Group by 114.4% during the 2nd quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 143 shares during the period. City State Bank raised its position in shares of Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $32,000. 91.15% of the stock is currently owned by institutional investors.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.
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