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

Key Points

• Wells Fargo & Company raised its target price for Expedia Group's stock from $178.00 to $211.00, indicating a potential upside of 8.98% from its current price.
• Expedia Group reported a quarterly earnings per share of $4.24, exceeding analysts' expectations, and showed a revenue increase of 6.4% compared to the same quarter last year.
• Analysts have varied opinions on the stock, with ratings ranging from sell to strong buy, and the average rating being "Moderate Buy" with a target price of $197.04.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $178.00 to $211.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the online travel company's stock. Wells Fargo & Company's price objective indicates a potential upside of 8.98% from the stock's current price.

Several other equities analysts also recently commented on EXPE. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Expedia Group in a research report on Wednesday, July 23rd. Barclays increased their price objective on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Friday. Truist Financial reduced their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Finally, Piper Sandler lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $197.04.

Expedia Group Price Performance

Expedia Group stock traded up $6.00 during mid-day trading on Friday, hitting $193.61. The company's stock had a trading volume of 4,048,924 shares, compared to its average volume of 2,101,979. The stock's fifty day moving average price is $176.06 and its two-hundred day moving average price is $172.61. The stock has a market capitalization of $24.61 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.88 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group has a twelve month low of $125.50 and a twelve month high of $213.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.51 earnings per share. Research analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Institutional Trading of Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $27,000. Spire Wealth Management increased its stake in Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company's stock valued at $25,000 after buying an additional 80 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Expedia Group during the 1st quarter worth about $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Expedia Group during the 1st quarter worth about $28,000. Finally, GFG Capital LLC bought a new position in shares of Expedia Group in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds 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.

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