Evercore ISI Increases Expedia Group (NASDAQ:EXPE) Price Target to $350.00

Expedia Group (NASDAQ:EXPE) had its price objective raised by equities researchers at Evercore ISI from $280.00 to $350.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the online travel company’s stock. Evercore ISI’s price objective indicates a potential upside of 32.71% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Robert W. Baird upped their target price on shares of Expedia Group from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company upped their price target on shares of Expedia Group from $212.00 to $272.00 and gave the stock an “equal weight” rating in a report on Friday. DA Davidson lifted their price objective on Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Benchmark boosted their target price on Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rothschild & Co Redburn raised their price target on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average price target of $244.03.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $44.03 during midday trading on Friday, reaching $263.73. 5,292,702 shares of the company traded hands, compared to its average volume of 2,013,682. The firm’s fifty day moving average price is $218.64 and its two-hundred day moving average price is $191.28. The firm has a market capitalization of $32.63 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group has a 12 month low of $130.01 and a 12 month high of $262.45.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the company earned $6.13 EPS. The firm’s 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, equities analysts expect that Expedia Group will post 12.28 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director owned 33,858 shares of the company’s stock, valued at approximately $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. OMNI 360 Wealth Inc. purchased a new position in Expedia Group during the 2nd quarter valued at about $325,000. Korea Investment CORP grew its position in shares of Expedia Group by 55.1% in the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock worth $29,911,000 after buying an additional 63,244 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after buying an additional 999,454 shares during the period. Plato Investment Management Ltd bought a new position in shares of Expedia Group during the first quarter valued at approximately $1,648,000. Finally, Malaga Cove Capital LLC purchased a new stake in Expedia Group in the first quarter worth $574,000. 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.