Wedbush Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective hoisted by investment analysts at Wedbush from $230.00 to $250.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. Wedbush’s target price would indicate a potential downside of 3.12% from the stock’s current price.

A number of other research firms have also recently weighed in on EXPE. Oppenheimer lifted their price objective on Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday. KeyCorp assumed coverage on shares of Expedia Group in a research note on Wednesday, October 22nd. They set a “sector weight” rating on the stock. Rothschild & Co Redburn upped their target price on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Finally, DA Davidson increased their price objective on Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Three 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. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus price target of $239.19.

Expedia Group Trading Up 17.5%

NASDAQ EXPE traded up $38.34 on Friday, hitting $258.04. The company’s stock had a trading volume of 3,935,048 shares, compared to its average volume of 2,008,877. 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’s 50-day simple moving average is $218.64 and its 200 day simple moving average is $191.28. The firm has a market cap of $31.92 billion, a P/E ratio of 31.60, a PEG ratio of 1.15 and a beta of 1.58. Expedia Group has a 52-week low of $130.01 and a 52-week high of $259.80.

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

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,816 shares of company stock valued at $2,009,132. Corporate insiders own 9.13% of the company’s stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently added to or reduced their stakes in EXPE. Vanguard Group Inc. raised its stake 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 purchasing an additional 102,494 shares in the last quarter. Norges Bank purchased a new stake in Expedia Group in the 2nd quarter worth about $663,882,000. Geode Capital Management LLC grew its position in Expedia Group by 1.7% during 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 purchasing an additional 58,244 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Expedia Group by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after acquiring an additional 1,473,386 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of Expedia Group by 4.2% during the 2nd quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after buying an additional 100,000 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.