Wells Fargo & Company Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its target price upped by Wells Fargo & Company from $212.00 to $272.00 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has an equal weight rating on the online travel company’s stock.

Several other equities analysts have also recently commented on the stock. DA Davidson raised their price target on shares of Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. TD Cowen increased their price objective on Expedia Group from $205.00 to $220.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Sanford C. Bernstein set a $210.00 target price on Expedia Group in a report on Monday, August 11th. BTIG Research boosted their target price on Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley upped their price target on Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twenty-three have given a Hold rating to the company. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $253.00.

Expedia Group Trading Up 17.5%

Expedia Group stock traded up $38.55 during midday trading on Friday, reaching $258.25. 7,650,683 shares of the stock traded hands, compared to its average volume of 2,026,855. The firm has a market cap of $31.95 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a 50-day simple moving average of $219.50 and a two-hundred day simple moving average of $192.05. Expedia Group has a 12-month low of $130.01 and a 12-month high of $264.20.

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

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Expedia Group’s payout ratio is 15.31%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 3,306 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the completion of the sale, the insider owned 77,075 shares in the company, valued at $15,479,743. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Several institutional investors have recently modified their holdings of EXPE. Vanguard Group Inc. grew its position in shares of Expedia Group by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after buying an additional 102,494 shares during the last quarter. Norges Bank purchased a new stake in Expedia Group in the second quarter valued at $663,882,000. Geode Capital Management LLC boosted its stake in Expedia Group by 1.7% in the second 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 in the last quarter. AQR Capital Management LLC boosted its stake in Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after acquiring an additional 1,473,386 shares in the last quarter. Finally, Alkeon Capital Management LLC grew its holdings in shares of Expedia Group by 4.2% during the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock worth $417,530,000 after purchasing an additional 100,000 shares during the last quarter. Hedge funds and other 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.