Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Expedia Group (NASDAQ:EXPEGet Free Report) had its target price lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $235.00 to $245.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a “hold” rating on the online travel company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 5.92% from the stock’s current price.

EXPE has been the subject of several other reports. Mizuho boosted their target price on shares of Expedia Group from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. HSBC lifted their price target on shares of Expedia Group from $272.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Bank of America upped their price objective on Expedia Group from $285.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Piper Sandler upgraded Expedia Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $190.00 to $250.00 in a research report on Friday, November 7th. Finally, Royal Bank Of Canada boosted their price target on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-two 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 $291.84.

Get Our Latest Stock Analysis on Expedia Group

Expedia Group Stock Down 2.2%

EXPE stock opened at $231.30 on Wednesday. The company has a market cap of $28.34 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 0.76 and a beta of 1.41. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50-day moving average is $276.87 and its two-hundred day moving average is $238.22. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the firm earned $6.13 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. 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 ninety days. 9.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Expedia Group in the 2nd quarter worth about $663,882,000. Wellington Management Group LLP lifted its stake in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Expedia Group by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after purchasing an additional 1,473,386 shares during the period. LSV Asset Management increased its position in shares of Expedia Group by 497.0% during the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after purchasing an additional 725,797 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Expedia Group by 465.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock valued at $96,800,000 after buying an additional 372,798 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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