Wall Street Zen Upgrades Expedia Group (NASDAQ:EXPE) to “Strong-Buy”

by · The Cerbat Gem

Expedia Group (NASDAQ:EXPEGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

EXPE has been the subject of several other research reports. BMO Capital Markets raised their price target on shares of Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. TD Cowen raised their target price on Expedia Group from $256.00 to $300.00 in a research report on Tuesday, February 3rd. Wedbush cut their target price on Expedia Group from $290.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday. Cantor Fitzgerald increased their price target on Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Truist Financial set a $210.00 price objective on Expedia Group in a research note on Monday, October 27th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $290.87.

View Our Latest Analysis on Expedia Group

Expedia Group Stock Performance

NASDAQ:EXPE opened at $236.85 on Friday. The stock’s 50-day moving average is $276.50 and its 200-day moving average is $239.25. Expedia Group has a 1-year low of $130.01 and a 1-year high of $303.80. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The stock has a market cap of $29.02 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.76 and a beta of 1.42.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the business earned $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the transaction, the director directly owned 30,858 shares in the company, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $408,000. NewEdge Advisors LLC boosted its holdings in Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after acquiring an additional 259 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Expedia Group in the second quarter valued at approximately $596,000. Ameritas Advisory Services LLC bought a new stake in shares of Expedia Group during the second quarter valued at approximately $64,000. Finally, Callan Family Office LLC bought a new stake in shares of Expedia Group during the second quarter valued at approximately $492,000. 90.76% of the stock is owned by institutional investors.

More Expedia Group News

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Expedia Group Company Profile

(Get Free Report)

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.

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