Wedbush Reiterates Neutral Rating for Expedia Group (NASDAQ:EXPE)

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $260.00 price target on the online travel company’s stock. Wedbush’s price objective points to a potential upside of 26.63% from the company’s current price.

EXPE has been the subject of several other reports. Wells Fargo & Company lowered their price objective on Expedia Group from $329.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday. B. Riley Financial upped their target price on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a report on Monday, January 12th. Piper Sandler restated a “neutral” rating and issued a $225.00 price objective (down previously from $250.00) on shares of Expedia Group in a research note on Friday. Truist Financial lifted their target price on Expedia Group from $210.00 to $252.00 and gave the stock a “hold” rating in a research note on Tuesday, February 10th. Finally, Susquehanna restated a “neutral” rating on shares of Expedia Group in a research report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $288.23.

Expedia Group Stock Down 3.5%

Shares of NASDAQ:EXPE opened at $205.32 on Tuesday. The firm has a market cap of $25.16 billion, a P/E ratio of 21.01, a PEG ratio of 0.66 and a beta of 1.41. Expedia Group has a 52-week low of $130.01 and a 52-week high of $303.80. The business’s 50 day simple moving average is $272.36 and its two-hundred day simple moving average is $241.06. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.74 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the firm posted $2.39 EPS. Expedia Group’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Activity

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. This trade represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Spire Wealth Management raised its stake in shares of Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Motiv8 Investments LLC bought a new position in Expedia Group in the fourth quarter worth about $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC boosted its position in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in Expedia Group during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.