Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Stock analysts at Jefferies Financial Group lifted their Q2 2022 earnings per share (EPS) estimates for shares of Expedia Group in a research note issued on Tuesday, May 3rd. Jefferies Financial Group analyst J. Colantuoni now anticipates that the online travel company will post earnings per share of $1.01 for the quarter, up from their prior forecast of $0.72. Jefferies Financial Group currently has a “Hold” rating and a $200.00 price target on the stock. Jefferies Financial Group also issued estimates for Expedia Group’s Q3 2022 earnings at $3.61 EPS, Q4 2022 earnings at $1.30 EPS, FY2022 earnings at $5.15 EPS and FY2023 earnings at $7.89 EPS.
Expedia Group (NASDAQ:EXPE – Get Rating) last released its earnings results on Monday, May 2nd. The online travel company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.13. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. During the same period in the prior year, the company earned ($2.59) earnings per share.
NASDAQ:EXPE opened at $139.50 on Friday. The company has a market capitalization of $21.73 billion, a PE ratio of 120.26, a price-to-earnings-growth ratio of 1.83 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. Expedia Group has a 52-week low of $135.00 and a 52-week high of $217.72. The stock has a fifty day simple moving average of $183.27 and a 200-day simple moving average of $179.75.
In related news, CEO Peter M. Kern purchased 6,000 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was purchased at an average price of $167.79 per share, for a total transaction of $1,006,740.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $172.94, for a total value of $1,729,400.00. Following the completion of the transaction, the director now owns 252,112 shares of the company’s stock, valued at approximately $43,600,249.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,477 shares of company stock valued at $22,780,123. Corporate insiders own 5.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its stake in shares of Expedia Group by 34.3% during the 1st quarter. IFM Investors Pty Ltd now owns 24,494 shares of the online travel company’s stock valued at $4,793,000 after buying an additional 6,261 shares during the last quarter. Aire Advisors LLC purchased a new position in shares of Expedia Group during the 1st quarter valued at approximately $210,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Expedia Group during the 1st quarter valued at approximately $7,537,000. National Bank of Canada FI boosted its stake in shares of Expedia Group by 13,280.4% during the 1st quarter. National Bank of Canada FI now owns 147,184 shares of the online travel company’s stock valued at $28,799,000 after buying an additional 146,084 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of Expedia Group during the 1st quarter valued at approximately $28,000. Institutional investors own 96.08% of the company’s stock.
Expedia Group Company Profile (Get Rating)
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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