Expedia Group (NASDAQ:EXPE) Price Target Raised to $250.00

Expedia Group (NASDAQ:EXPE) had its price objective increased by investment analysts at Wedbush from $230.00 to $250.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the online travel company’s stock. Wedbush’s price objective points to a potential downside of 3.12% from the stock’s current price.

EXPE has been the topic of a number of other reports. Morgan Stanley lifted their target price on Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Rothschild & Co Redburn increased their price target on shares of Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upped their price target on Expedia Group from $197.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group upped their price objective on shares of Expedia Group from $209.00 to $234.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Jefferies Financial Group raised their price target on Expedia Group from $210.00 to $220.00 and gave the company a “hold” rating in a report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average price target of $239.19.

Expedia Group Stock Up 17.5%

NASDAQ EXPE traded up $38.34 during trading on Friday, reaching $258.04. The company’s stock had a trading volume of 3,935,048 shares, compared to its average volume of 2,008,877. The stock has a market capitalization of $31.92 billion, a PE ratio of 31.60, a PEG ratio of 1.15 and a beta of 1.58. Expedia Group has a 1-year low of $130.01 and a 1-year high of $259.80. The business has a 50-day moving average price of $218.64 and a 200-day moving average price of $191.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the firm earned $6.13 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the completion of the transaction, the director owned 33,858 shares of the company’s stock, valued at $7,035,015.24. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 2,658 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the sale, the insider owned 74,417 shares of the company’s stock, valued at approximately $15,297,902.69. This represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EXPE. Vanguard Group Inc. raised its holdings in shares of Expedia Group by 0.7% during the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after purchasing an additional 102,494 shares during the period. Norges Bank bought a new position in Expedia Group during the second quarter worth about $663,882,000. Geode Capital Management LLC raised its holdings in Expedia Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after acquiring an additional 58,244 shares during the period. AQR Capital Management LLC lifted its holdings in Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after purchasing an additional 1,473,386 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Expedia Group by 4.2% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after purchasing an additional 100,000 shares during the period. 90.76% of the stock is owned by institutional investors.

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.