Wells Fargo & Company Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price upped by analysts at Wells Fargo & Company from $149.00 to $178.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the online travel company's stock. Wells Fargo & Company's price target indicates a potential upside of 0.25% from the stock's previous close.

A number of other equities research analysts also recently commented on the company. Bank of America raised their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price objective on shares of Expedia Group in a report on Thursday, May 15th. UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Barclays lifted their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Benchmark dropped their price objective on Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $187.19.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $0.25 during trading on Monday, reaching $177.55. The company had a trading volume of 1,283,114 shares, compared to its average volume of 1,903,613. The stock's fifty day moving average price is $167.24 and its 200 day moving average price is $172.83. Expedia Group has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The company's revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that Expedia Group will post 12.28 EPS for the current year.

Institutional Trading of Expedia Group

A number of institutional investors have recently modified their holdings of the company. Altman Advisors Inc. increased its position in shares of Expedia Group by 0.5% in the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after acquiring an additional 65 shares in the last quarter. UMB Bank n.a. raised its position in Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after purchasing an additional 69 shares during the period. Diametric Capital LP lifted its stake in shares of Expedia Group by 1.6% during the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc boosted its position in shares of Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after buying an additional 74 shares during the period. Finally, Horizon Investments LLC grew its stake in shares of Expedia Group by 4.4% in the first quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock valued at $299,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

About Expedia Group

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.