Sanford C. Bernstein Lowers Expedia Group (NASDAQ:EXPE) Price Target to $253.00

Expedia Group (NASDAQ:EXPE) had its target price dropped by analysts at Sanford C. Bernstein from $256.00 to $253.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a “market perform” rating on the online travel company’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 11.14% from the company’s current price.

Other research analysts have also recently issued reports about the company. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. BMO Capital Markets boosted their price objective on Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Robert W. Baird upped their target price on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wells Fargo & Company dropped their target price on Expedia Group from $329.00 to $315.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Finally, Susquehanna reissued a “neutral” rating and set a $240.00 price target on shares of Expedia Group in a research note on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus price target of $281.65.

Expedia Group Price Performance

EXPE stock opened at $227.65 on Wednesday. The company has a 50 day simple moving average of $248.78 and a 200 day simple moving average of $242.85. The stock has a market cap of $27.90 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 0.71 and a beta of 1.41. Expedia Group has a 1 year low of $130.01 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.32 by $0.46. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 EPS. Research analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently made changes to their positions in EXPE. Vanguard Group Inc. increased its position in Expedia Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after purchasing an additional 102,494 shares during the period. Norges Bank bought a new position in Expedia Group during the 2nd quarter worth approximately $663,882,000. Windacre Partnership LLC lifted its position in shares of Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares during the period. AQR Capital Management LLC lifted its position in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Expedia Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after purchasing an additional 58,244 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

About Expedia Group

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.