Expedia Group (NASDAQ:EXPE – Get Free Report) had its price objective lowered by equities researchers at Citic Securities from $337.00 to $320.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Citic Securities’ target price points to a potential upside of 46.83% from the company’s previous close.
Other analysts have also recently issued reports about the stock. DA Davidson decreased their price target on shares of Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company reduced their price objective on Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Wedbush reaffirmed a “neutral” rating and issued a $260.00 target price on shares of Expedia Group in a research report on Tuesday, February 17th. Citigroup lowered their target price on Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $285.15.
View Our Latest Research Report on Expedia Group
Expedia Group Trading Up 0.4%
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that Expedia Group will post 16.64 EPS for the current year.
Insider Activity at Expedia Group
In other 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 transaction of $1,816,244.50. Following the completion of the sale, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.81% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. CI Investments Inc. raised its stake in 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 worth $9,025,000 after acquiring an additional 39,922 shares during the period. Rakuten Investment Management Inc. acquired a new position in Expedia Group in the third quarter valued at approximately $1,063,000. Convergence Investment Partners LLC bought a new position in shares of Expedia Group during the third quarter valued at approximately $1,001,000. National Pension Service raised its position in shares of Expedia Group by 6.7% during the 3rd quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock worth $53,080,000 after purchasing an additional 15,611 shares during the period. Finally, Savant Capital LLC raised its position in shares of Expedia Group by 13.9% during the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after purchasing an additional 4,853 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.
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.
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