Argus Raises Expedia Group (NASDAQ:EXPE) Price Target to $340.00

Expedia Group (NASDAQ:EXPE) had its price target hoisted by research analysts at Argus from $300.00 to $340.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the online travel company’s stock. Argus’ price target points to a potential upside of 19.30% from the company’s current price.

EXPE has been the topic of several other research reports. HSBC raised their price objective on Expedia Group from $232.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, November 7th. CICC Research upgraded Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price target for the company in a report on Monday, November 10th. Benchmark upped their price objective on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Rothschild & Co Redburn raised their target price on shares of Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Citigroup boosted their target price on shares of Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $271.91.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $285.00 on Monday. The company has a 50-day simple moving average of $256.18 and a 200-day simple moving average of $219.30. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $34.92 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.44. Expedia Group has a 12 month low of $130.01 and a 12 month high of $292.42.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The firm 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%. Expedia Group’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $6.13 earnings per share. On average, equities analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the 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 owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated 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. 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 have sold 4,849 shares of company stock valued at $1,283,270 over the last three months. 9.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spire Wealth Management lifted its position in shares of Expedia Group by 114.3% during the second 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. GFG Capital LLC purchased a new stake in Expedia Group during the 2nd quarter worth $29,000. Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the 3rd quarter worth $30,000. Trust Co. of Toledo NA OH acquired a new position in Expedia Group in the 2nd quarter worth $31,000. Finally, Rossby Financial LCC boosted its position in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after buying an additional 82 shares during the last quarter. Hedge funds and other 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.