Expedia Group (NASDAQ:EXPE) Price Target Lowered to $260.00 at Wedbush

Expedia Group (NASDAQ:EXPE) had its price objective lowered by equities researchers at Wedbush from $290.00 to $260.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the online travel company’s stock. Wedbush’s target price points to a potential upside of 12.41% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. CICC Research raised Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective for the company in a research note on Monday, November 10th. The Goldman Sachs Group lifted their price target on Expedia Group from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. BTIG Research upped their price objective on shares of Expedia Group from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Susquehanna raised their target price on shares of Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Expedia Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $290.87.

Expedia Group Stock Down 2.2%

Expedia Group stock opened at $231.30 on Friday. Expedia Group has a twelve month low of $130.01 and a twelve month high of $303.80. 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 firm has a 50 day moving average price of $276.87 and a 200-day moving average price of $238.22. The company has a market capitalization of $28.34 billion, a P/E ratio of 22.13, a P/E/G ratio of 0.76 and a beta of 1.41.

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, beating the consensus estimate of $7.10 by $0.47. The company had revenue of $4.41 billion for 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 previous year, the firm posted $6.13 earnings per share. As a group, equities analysts predict that Expedia Group will post 12.28 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares in the company, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,849 shares of company stock valued at $1,283,270 in the last ninety days. Company insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Entrust Financial LLC bought a new position in Expedia Group in the fourth quarter worth $26,000. JFS Wealth Advisors LLC boosted its stake in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $29,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Expedia Group during the third quarter valued at approximately $30,000. Finally, Spire Wealth Management boosted its position in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.