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

Expedia Group (NASDAQ:EXPE) had its price target lifted by equities research analysts at Argus from $340.00 to $345.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the online travel company’s stock. Argus’ target price would indicate a potential upside of 21.01% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Benchmark raised their price target on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, November 7th. BNP Paribas Exane initiated coverage on Expedia Group in a report on Monday, November 24th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Expedia Group from $185.00 to $235.00 and gave the company a “hold” rating in a report on Friday, November 7th. Finally, Mizuho lifted their price target on shares of Expedia Group from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.32.

Expedia Group Trading Down 3.1%

EXPE stock opened at $285.11 on Friday. Expedia Group has a 52 week low of $130.01 and a 52 week high of $303.80. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The business has a fifty day simple moving average of $274.27 and a 200-day simple moving average of $229.93.

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

Insider Activity

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the transaction, the director owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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.

Institutional Trading of Expedia Group

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $408,000. NewEdge Advisors LLC increased its position in shares of Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the period. Parallel Advisors LLC lifted its stake in shares of Expedia Group by 10.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,700 shares of the online travel company’s stock valued at $287,000 after purchasing an additional 165 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group in the 2nd quarter valued at $596,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Expedia Group by 2.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,268 shares of the online travel company’s stock worth $2,744,000 after purchasing an additional 430 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.