Expedia Group (NASDAQ:EXPE – Get Free Report) had its price target decreased by research analysts at Wells Fargo & Company from $172.00 to $168.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 10.29% from the stock’s current price.
Several other research firms have also recently commented on EXPE. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. UBS Group increased their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Argus raised their price target on Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $175.96.
Expedia Group Trading Down 0.7 %
Insider Transactions at Expedia Group
In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock valued at $5,045,310 over the last quarter. Corporate insiders own 6.80% of the company’s stock.
Institutional Investors Weigh In On Expedia Group
Several institutional investors have recently bought and sold shares of EXPE. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC raised its holdings in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Expedia Group during the second quarter valued at approximately $39,183,000. 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.
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