Expedia Group (NASDAQ:EXPE – Get Free Report) was upgraded by research analysts at Dbs Bank from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Several other equities analysts have also recently issued reports on EXPE. HSBC boosted their target price on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Susquehanna increased their target price on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday. DA Davidson reduced their target price 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. TD Cowen upped their price objective on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Finally, Bank of America upped their price objective on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. Fifteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $283.87.
Read Our Latest Stock Analysis on EXPE
Expedia Group Stock Up 0.0%
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. As a group, equities research analysts forecast that Expedia Group will post 16.64 earnings per share for the current year.
Insiders Place Their Bets
In related 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 value of $1,816,244.50. Following the sale, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.81% of the stock is currently owned by company insiders.
Institutional Trading of Expedia Group
Hedge funds have recently added to or reduced their stakes in the company. Motiv8 Investments LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group during the fourth quarter worth approximately $26,000. JFS Wealth Advisors LLC grew 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 worth $28,000 after acquiring an additional 44 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Expedia Group during the fourth quarter worth approximately $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Expedia Group in the 3rd quarter valued at $30,000. Institutional investors and hedge funds 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.
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