Wells Fargo Reaffirms Their Hold Rating on Expedia (EXPE)

In a report released today, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Expedia (EXPEResearch Report). The company’s shares closed last Friday at $81.01.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 32.3% and a 79.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, ANGI Homeservices, and Uber Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $94.26 average price target, which is a 16.6% upside from current levels. In a report issued on July 31, Oppenheimer also maintained a Hold rating on the stock.

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Based on Expedia’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.21 billion and GAAP net loss of $1.3 billion. In comparison, last year the company earned revenue of $2.61 billion and had a GAAP net loss of $103 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year.

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Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.