Expedia Group (NASDAQ:EXPE) Price Target Raised to $285.00 at TD Cowen

Expedia Group (NASDAQ:EXPE) had its target price lifted by investment analysts at TD Cowen from $260.00 to $285.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a “hold” rating on the online travel company’s stock. TD Cowen’s target price would suggest a potential upside of 5.81% from the stock’s previous close.

A number of other research firms also recently weighed in on EXPE. Benchmark dropped their price target on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein lowered their price target on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a report on Wednesday, March 11th. Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. BTIG Research reissued a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research note on Monday. Finally, Citigroup reduced their price objective on shares of Expedia Group from $281.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus price target of $283.23.

Expedia Group Trading Down 1.6%

Shares of NASDAQ:EXPE opened at $269.34 on Wednesday. Expedia Group has a 12-month low of $144.69 and a 12-month high of $303.80. The stock has a market cap of $33.00 billion, a PE ratio of 27.27, a P/E/G ratio of 0.83 and a beta of 1.33. The business has a 50 day moving average of $229.64 and a 200-day moving average of $247.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Expedia Group will post 16.69 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.13% of the company’s stock.

Institutional Trading of Expedia Group

Hedge funds have recently made changes to their positions in the stock. CI Investments Inc. increased its position in shares of Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after buying an additional 39,922 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Expedia Group in the third quarter worth approximately $1,063,000. Convergence Investment Partners LLC bought a new position in shares of Expedia Group in the third quarter worth approximately $1,001,000. Railway Pension Investments Ltd lifted its stake in shares of Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after buying an additional 18,900 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in shares of Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after buying an additional 4,853 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.