Expedia Group (NASDAQ:EXPE) Price Target Cut to $155.00

Expedia Group (NASDAQ:EXPEFree 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.

View Our Latest Report on Expedia Group

Expedia Group Stock Performance

Shares of EXPE opened at $133.60 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.80. The stock has a 50-day moving average of $148.86 and a 200-day moving average of $123.86. The company has a market cap of $18.55 billion, a PE ratio of 24.83, a P/E/G ratio of 0.39 and a beta of 1.90. Expedia Group has a one year low of $87.94 and a one year high of $160.05.

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

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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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