TD Cowen Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective increased by equities research analysts at TD Cowen from $256.00 to $300.00 in a report released on Tuesday,MarketScreener reports. TD Cowen’s price target points to a potential upside of 16.05% from the company’s previous close.

A number of other research analysts also recently commented on EXPE. Truist Financial set a $210.00 target price on Expedia Group in a research note on Monday, October 27th. Evercore ISI lifted their price target on Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Piper Sandler raised Expedia Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $190.00 to $250.00 in a research note on Friday, November 7th. Bank of America raised their price objective on shares of Expedia Group from $285.00 to $326.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets lifted their target price on shares of Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $291.52.

Expedia Group Stock Down 6.6%

EXPE traded down $18.17 on Tuesday, reaching $258.50. 429,551 shares of the company traded hands, compared to its average volume of 1,652,486. The company has a market cap of $31.67 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.86 and a beta of 1.42. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s 50 day moving average price is $278.30 and its 200-day moving average price is $237.93. Expedia Group has a 52-week low of $130.01 and a 52-week high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the business posted $6.13 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. The trade was a 25.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were 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 directly 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. Over the last ninety days, insiders have sold 4,849 shares of company stock worth $1,283,270. Company insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Expedia Group by 2.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock worth $18,213,000 after buying an additional 2,767 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Expedia Group in the 3rd quarter valued at $1,063,000. Railway Pension Investments Ltd grew its position in Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after acquiring an additional 18,900 shares during the period. Vise Technologies Inc. acquired a new position in Expedia Group during the second quarter worth $2,351,000. Finally, Brighton Jones LLC lifted its holdings in shares of Expedia Group by 44.1% during the third quarter. Brighton Jones LLC now owns 16,311 shares of the online travel company’s stock valued at $3,486,000 after acquiring an additional 4,988 shares during the period. Institutional investors own 90.76% of the company’s stock.

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.