Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective upped by Deutsche Bank Aktiengesellschaft from $235.00 to $245.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “hold” rating on the online travel company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 5.97% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Wedbush raised their price target on Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. KeyCorp initiated coverage on shares of Expedia Group in a research note on Wednesday, October 22nd. They set a “sector weight” rating for the company. HSBC increased their price objective on shares of Expedia Group from $272.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Piper Sandler upgraded Expedia Group from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $190.00 to $250.00 in a research report on Friday, November 7th. Finally, Truist Financial set a $210.00 price target on Expedia Group in a research note on Monday, October 27th. 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $291.84.

Expedia Group Price Performance

Expedia Group stock traded down $5.29 during midday trading on Wednesday, reaching $231.19. 1,338,416 shares of the stock traded hands, compared to its average volume of 2,035,269. 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 stock has a market cap of $28.33 billion, a P/E ratio of 22.12, a PEG ratio of 0.76 and a beta of 1.41. Expedia Group has a 12 month low of $130.01 and a 12 month high of $303.80. The stock’s fifty day moving average is $277.40 and its 200-day moving average is $238.27.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $6.13 earnings per share. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $752,328. This represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 over the last quarter. 9.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Stephens Inc. AR boosted its stake in Expedia Group by 261.2% in the fourth quarter. Stephens Inc. AR now owns 8,108 shares of the online travel company’s stock valued at $2,297,000 after acquiring an additional 5,863 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $465,000. DNB Asset Management AS boosted its position in shares of Expedia Group by 0.7% in the 4th quarter. DNB Asset Management AS now owns 23,033 shares of the online travel company’s stock worth $6,525,000 after purchasing an additional 166 shares in the last quarter. Richard Young Associates Ltd. purchased a new position in Expedia Group during the 4th quarter worth $227,000. Finally, AMJ Financial Wealth Management acquired a new position in Expedia Group during the 4th quarter valued at about $3,953,000. Hedge funds and other 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.