FY2024 EPS Estimates for Expedia Group Lifted by B. Riley

Expedia Group, Inc. (NASDAQ:EXPE) – Research analysts at B. Riley upped their FY2024 EPS estimates for shares of Expedia Group in a research note issued to investors on Tuesday, January 28th. B. Riley analyst N. Khan now anticipates that the online travel company will earn $7.77 per share for the year, up from their previous estimate of $7.76. The consensus estimate for Expedia Group’s current full-year earnings is $8.76 per share. B. Riley also issued estimates for Expedia Group’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at ($1.07) EPS, Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $4.58 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $6.34 EPS, FY2026 earnings at $9.40 EPS, FY2027 earnings at $11.82 EPS, FY2028 earnings at $14.24 EPS and FY2029 earnings at $17.01 EPS.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the company posted $4.85 earnings per share.

Other equities research analysts have also recently issued reports about the stock. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. Benchmark increased their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley raised their price target on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price target on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Twenty equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus price target of $177.75.

Expedia Group Trading Down 0.3 %

Shares of NASDAQ EXPE opened at $171.27 on Thursday. Expedia Group has a 52-week low of $107.25 and a 52-week high of $192.34. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50 day moving average price of $183.93 and a two-hundred day moving average price of $158.53. The stock has a market cap of $21.98 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.83.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,568,700.00. Following the completion of the transaction, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,951 shares of company stock worth $5,045,310. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Large investors have recently modified their holdings of the business. Windacre Partnership LLC grew its stake in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after acquiring an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. grew its stake in Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares in the last quarter. Alkeon Capital Management LLC grew its stake 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 valued at $233,349,000 after acquiring an additional 498,934 shares in the last quarter. KBC Group NV grew its stake in Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock valued at $54,685,000 after acquiring an additional 224,732 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Expedia Group by 9.4% during the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after acquiring an additional 144,579 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

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.