Expedia Group (NASDAQ:EXPE) Price Target Raised to $280.00

Expedia Group (NASDAQ:EXPE) had its price objective upped by equities researchers at Robert W. Baird from $240.00 to $280.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the online travel company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 6.17% from the stock’s previous close.

A number of other brokerages have also recently commented on EXPE. Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $190.00 to $250.00 in a research note on Friday. Cowen reiterated a “hold” rating on shares of Expedia Group in a report on Friday, August 8th. Oppenheimer boosted their price target on Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America lifted their price objective on Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Benchmark upped their target price on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $244.03.

Expedia Group Price Performance

Shares of EXPE stock traded up $44.03 during midday trading on Friday, reaching $263.73. 5,292,702 shares of the company traded hands, compared to its average volume of 2,013,682. The firm’s 50 day simple moving average is $218.64 and its two-hundred day simple moving average is $191.28. The firm has a market cap of $32.63 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group has a 1-year low of $130.01 and a 1-year high of $262.45.

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

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 2,658 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the transaction, the insider owned 74,417 shares in the company, valued at approximately $15,297,902.69. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the transaction, the director directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,816 shares of company stock worth $2,009,132 over the last three months. 9.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC acquired a new stake in Expedia Group in the 3rd quarter valued at $30,000. Spire Wealth Management increased its position 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 worth $25,000 after acquiring an additional 80 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group in the 1st quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Expedia Group in the first quarter valued at $28,000. Finally, GFG Capital LLC bought a new position in shares of Expedia Group during the second quarter worth about $29,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

About Expedia Group

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.