Wall Street Zen Downgrades Expedia Group (NASDAQ:EXPE) to Buy

Expedia Group (NASDAQ:EXPE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other research firms also recently commented on EXPE. DA Davidson reiterated a “neutral” rating and issued a $294.00 target price on shares of Expedia Group in a research report on Thursday, December 11th. Argus lifted their target price on shares of Expedia Group from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, December 29th. Oppenheimer upped their price target on shares of Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wedbush lifted their price target on shares of Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Truist Financial set a $210.00 price objective on Expedia Group in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $280.61.

Expedia Group Trading Down 1.6%

EXPE opened at $291.53 on Friday. The company has a market cap of $35.72 billion, a P/E ratio of 27.90, a PEG ratio of 1.07 and a beta of 1.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The company’s 50 day moving average is $268.94 and its 200-day moving average is $227.32. Expedia Group has a 1-year low of $130.01 and a 1-year high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating the consensus estimate of $7.10 by $0.47. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.13 EPS. Equities research analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares in the company, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction 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 completion of the sale, the director owned 2,916 shares of the company’s stock, valued at $752,328. This represents a 25.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,849 shares of company stock worth $1,283,270 in the last 90 days. Corporate insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Expedia Group in the 3rd quarter valued at about $30,000. Spire Wealth Management grew its stake in Expedia Group by 114.3% in 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 period. Rossby Financial LCC increased its holdings in shares of Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after acquiring an additional 82 shares in the last quarter. GFG Capital LLC bought a new position in shares of Expedia Group in the 2nd quarter worth $29,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Expedia Group in the 3rd quarter valued at $36,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Company Profile

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.