Expedia Group’s (EXPE) Outperform Rating Reiterated at Wedbush

Expedia Group (NASDAQ:EXPE)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Thursday,Benzinga reports. They presently have a $334.00 price objective on the online travel company’s stock. Wedbush’s price objective would indicate a potential upside of 25.04% from the company’s current price.

Other equities analysts have also issued research reports about the company. Robert W. Baird set a $290.00 target price on Expedia Group in a research note on Friday, May 8th. Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. B. Riley Financial cut their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Piper Sandler lifted their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Argus boosted their price objective on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $288.82.

Expedia Group Stock Up 0.3%

Shares of EXPE opened at $267.11 on Thursday. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 0.70 and a beta of 1.23. Expedia Group has a 52 week low of $174.05 and a 52 week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The business’s fifty day moving average price is $239.13 and its two-hundred day moving average price is $244.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company earned $0.40 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Expedia Group will post 16.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in Expedia Group in the fourth quarter valued at $408,000. NewEdge Advisors LLC grew its holdings in Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC acquired a new position in Expedia Group during the second quarter worth approximately $596,000. Daiwa Securities Group Inc. increased its position in Expedia Group by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after buying an additional 1,290 shares during the last quarter. Finally, AXA S.A. raised its stake in Expedia Group by 5.9% in the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares during the period. Institutional investors own 90.76% of the company’s stock.

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.