Expedia Group (NASDAQ:EXPE) Given New $310.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo trimmed its price target on Expedia Group to $310 (from $311) while maintaining an equal weight rating, with the target implying about a 25.82% upside from the current price.
• Expedia recently reported a strong quarter, beating estimates with EPS of $3.78 vs. $3.32 expected and revenue of $3.55 billion (up 11.4% year‑over‑year), with a net margin of 8.78% and ROE of 72.23%.
• Analyst coverage is mixed: 14 Buys and 22 Holds lead to an overall consensus rating of "Hold" and an average price target of $282.42.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target reduced by investment analysts at Wells Fargo & Company from $311.00 to $310.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an "equal weight" rating on the online travel company's stock. Wells Fargo & Company's price target points to a potential upside of 25.82% from the company's current price.

Other equities research analysts have also issued reports about the stock. UBS Group set a $266.00 target price on shares of Expedia Group in a report on Friday, February 13th. Evercore reiterated an "outperform" rating on shares of Expedia Group in a report on Monday, February 9th. Zacks Research lowered shares of Expedia Group from a "strong-buy" rating to a "hold" rating in a report on Monday, March 23rd. Piper Sandler restated a "neutral" rating and set a $225.00 price objective (down from $250.00) on shares of Expedia Group in a report on Friday, February 13th. Finally, DA Davidson dropped their price objective on shares of Expedia Group from $294.00 to $260.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $282.42.

Expedia Group Trading Up 2.6%

Shares of NASDAQ EXPE opened at $246.39 on Tuesday. The company's 50 day simple moving average is $226.52 and its 200 day simple moving average is $245.39. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $30.19 billion, a P/E ratio of 25.01, a P/E/G ratio of 0.70 and a beta of 1.33. Expedia Group has a fifty-two week low of $144.20 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE - Get 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $2.39 earnings per share. On average, analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.13% of the company's stock.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors have recently added to or reduced their stakes in EXPE. Windacre Partnership LLC increased its position in Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company's stock valued at $787,049,000 after acquiring an additional 309,900 shares during the period. AQR Capital Management LLC increased its position in Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company's stock valued at $779,275,000 after acquiring an additional 728,063 shares during the period. Invesco Ltd. increased its position in Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company's stock valued at $667,507,000 after acquiring an additional 230,176 shares during the period. Norges Bank acquired a new position in Expedia Group in the 4th quarter valued at approximately $861,979,000. Finally, Wellington Management Group LLP increased its position in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company's stock valued at $386,560,000 after acquiring an additional 1,801,232 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

About Expedia Group

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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