Expedia Group (NASDAQ:EXPE) Lowered to “Buy” Rating by Wall Street Zen

Expedia Group (NASDAQ:EXPE) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other brokerages have also recently issued reports on EXPE. HSBC lifted their target price on Expedia Group from $232.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BTIG Research lifted their price objective on Expedia Group from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler raised Expedia Group from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $190.00 to $250.00 in a report on Friday, November 7th. Royal Bank Of Canada raised their target price on shares of Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, Rothschild & Co Redburn boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $278.68.

Expedia Group Price Performance

EXPE stock opened at $296.33 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The company’s fifty day moving average price is $267.43 and its 200-day moving average price is $226.02. Expedia Group has a one year low of $130.01 and a one year high of $303.80. The company has a market capitalization of $36.31 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.43.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.13 EPS. On average, equities analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. The trade was a 25.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. purchased a new stake in shares of Expedia Group in the 2nd quarter worth approximately $325,000. Leith Wheeler Investment Counsel Ltd. increased its holdings in Expedia Group by 2.6% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock valued at $18,213,000 after buying an additional 2,767 shares during the period. Railway Pension Investments Ltd raised its stake in Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after buying an additional 18,900 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Expedia Group during the second quarter worth $2,351,000. Finally, Brighton Jones LLC lifted its holdings in Expedia Group by 44.1% during the third quarter. Brighton Jones LLC now owns 16,311 shares of the online travel company’s stock worth $3,486,000 after buying an additional 4,988 shares during the period. 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.