Wedbush Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPEGet Free Report) had its price target decreased by research analysts at Wedbush from $290.00 to $260.00 in a research report issued on Friday, Marketbeat reports. The firm currently has a “neutral” rating on the online travel company’s stock. Wedbush’s price objective indicates a potential upside of 9.77% from the company’s previous close.

EXPE has been the subject of a number of other research reports. Oppenheimer lifted their price objective on Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Rothschild & Co Redburn raised their price target on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 11th. Wells Fargo & Company increased their price objective on shares of Expedia Group from $272.00 to $329.00 and gave the company an “equal weight” rating in a research report on Friday, January 9th. Finally, Piper Sandler upgraded shares of Expedia Group from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $190.00 to $250.00 in a research note on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $290.87.

Check Out Our Latest Stock Analysis on Expedia Group

Expedia Group Price Performance

Shares of EXPE opened at $236.85 on Friday. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The firm’s 50-day simple moving average is $276.50 and its two-hundred day simple moving average is $238.92. The stock has a market cap of $29.02 billion, a PE ratio of 22.67, a price-to-earnings-growth 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.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $6.13 earnings per share. Analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction that occurred 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 in the last 90 days. 9.13% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Expedia Group by 13.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,533 shares of the online travel company’s stock worth $1,284,000 after acquiring an additional 532 shares during the period. Cumberland Partners Ltd increased its stake in shares of Expedia Group by 9.0% in the 4th quarter. Cumberland Partners Ltd now owns 20,550 shares of the online travel company’s stock worth $5,822,000 after purchasing an additional 1,700 shares in the last quarter. Advisory Alpha LLC raised its holdings in Expedia Group by 18.8% in the 4th quarter. Advisory Alpha LLC now owns 2,376 shares of the online travel company’s stock worth $673,000 after purchasing an additional 376 shares during the period. Evoke Wealth LLC lifted its position in Expedia Group by 3.6% during the fourth quarter. Evoke Wealth LLC now owns 3,178 shares of the online travel company’s stock valued at $900,000 after purchasing an additional 111 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in Expedia Group during the fourth quarter valued at about $245,000. 90.76% of the stock is currently owned by institutional investors.

Key Headlines Impacting Expedia Group

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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.

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Analyst Recommendations for Expedia Group (NASDAQ:EXPE)

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