Argus Increases Expedia Group (NASDAQ:EXPE) Price Target to $345.00

Expedia Group (NASDAQ:EXPE) had its target price lifted by analysts at Argus from $340.00 to $345.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Argus’ target price indicates a potential upside of 21.01% from the stock’s previous close.

EXPE has been the subject of a number of other reports. Royal Bank Of Canada lifted their target price on Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Robert W. Baird boosted their target price on shares of Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wedbush increased their target price on shares of Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Piper Sandler upgraded shares of Expedia Group from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $190.00 to $250.00 in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.32.

Expedia Group Price Performance

EXPE stock opened at $285.11 on Friday. 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 firm has a market cap of $34.93 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.03 and a beta of 1.43. The company’s fifty day simple moving average is $274.27 and its 200 day simple moving average is $230.32. Expedia Group has a 12-month low of $130.01 and a 12-month high of $303.80.

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

Insider Transactions at Expedia Group

In related 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 completion of the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the transaction, the director owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 over the last ninety days. 9.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EXPE. Spire Wealth Management grew its position in Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Expedia Group in the 2nd quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Expedia Group during the third quarter valued at approximately $30,000. 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.