Expedia Group (NASDAQ:EXPE) Given New $326.00 Price Target at Bank of America

Expedia Group (NASDAQ:EXPE) had its target price increased by equities researchers at Bank of America from $285.00 to $326.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the online travel company’s stock. Bank of America‘s price objective indicates a potential upside of 11.91% from the stock’s previous close.

Several other equities analysts also recently commented on EXPE. TD Cowen raised their target price on Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. BMO Capital Markets increased their price objective on Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. Cantor Fitzgerald boosted their target price on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. The Goldman Sachs Group upped their target price on shares of Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group lifted their price target on shares of Expedia Group from $270.00 to $285.00 and gave the company a “hold” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus target price of $270.66.

Expedia Group Stock Performance

EXPE traded up $5.71 during trading on Friday, reaching $291.30. 660,582 shares of the company’s stock were exchanged, compared to its average volume of 2,054,598. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $291.64. The company has a market capitalization of $35.69 billion, a P/E ratio of 27.88, a PEG ratio of 1.28 and a beta of 1.44. 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 business has a 50 day moving average price of $245.01 and a 200 day moving average price of $212.21.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.13 earnings per share. As a group, analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,849 shares of company stock worth $1,283,270 in the last quarter. Insiders own 9.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Expedia Group by 0.7% in the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after acquiring an additional 102,494 shares during the last quarter. Norges Bank acquired a new position in shares of Expedia Group in the 2nd quarter valued at $663,882,000. Windacre Partnership LLC boosted 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 last quarter. AQR Capital Management LLC boosted 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 last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Expedia Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock worth $574,364,000 after purchasing an additional 58,244 shares during the period. Institutional investors own 90.76% of the company’s stock.

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.