Wedbush Initiates Coverage on Expedia Group (NASDAQ:EXPE)

Stock analysts at Wedbush assumed coverage on shares of Expedia Group (NASDAQ:EXPE) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $334.00 price target on the online travel company’s stock. Wedbush’s price objective suggests a potential upside of 24.27% from the company’s previous close.

A number of other brokerages have also weighed in on EXPE. Citigroup restated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. Truist Financial lowered their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Citic Securities dropped their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Wells Fargo & Company reduced their target price on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Finally, Susquehanna increased their price target on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $288.82.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $268.77 on Thursday. The stock has a market capitalization of $32.94 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group has a 1 year low of $174.05 and a 1 year high of $303.80. The firm has a 50 day moving average of $240.27 and a 200-day moving average of $244.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company earned $0.40 EPS. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group will post 16.98 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its position in Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. Oliver Luxxe Assets LLC bought a new stake in shares of Expedia Group during the 4th quarter worth about $3,164,000. Swiss Life Asset Management Ltd boosted its holdings in shares of Expedia Group by 48.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock worth $9,239,000 after buying an additional 14,143 shares during the period. Monument Capital Management bought a new stake in shares of Expedia Group during the 4th quarter worth about $2,781,000. Finally, Lmcg Investments LLC grew its stake in Expedia Group by 276.0% in the 4th quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock valued at $2,735,000 after buying an additional 7,087 shares during the last quarter. 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.