Expedia Group (NASDAQ:EXPE – Get Free Report) had its price target raised by equities researchers at Truist Financial from $246.00 to $309.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the online travel company’s stock. Truist Financial’s target price suggests a potential upside of 2.23% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings cut Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Susquehanna upped their price objective on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. DA Davidson lowered their price objective on Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Piper Sandler lifted their target price on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $292.67.
View Our Latest Stock Report on EXPE
Expedia Group Price Performance
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. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the business earned $0.40 earnings per share. Expedia Group’s quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts expect that Expedia Group will post 17.04 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.
Hedge Funds Weigh In On Expedia Group
A number of large investors have recently bought and sold shares of the business. Norges Bank bought a new position in Expedia Group during the 4th quarter worth about $861,979,000. Wellington Management Group LLP raised its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after purchasing an additional 728,063 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Expedia Group by 55.0% in the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after purchasing an additional 456,176 shares during the period. 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.
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