Mizuho Lowers Expedia Group (NASDAQ:EXPE) Price Target to $245.00

Expedia Group (NASDAQ:EXPE) had its price target decreased by analysts at Mizuho from $270.00 to $245.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the online travel company’s stock. Mizuho’s price objective would indicate a potential upside of 10.49% from the company’s previous close.

EXPE has been the topic of several other reports. BTIG Research reaffirmed a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research report on Friday, February 13th. Jefferies Financial Group upped their target price 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. DA Davidson reduced their price target on Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Piper Sandler reiterated a “neutral” rating and set a $225.00 target price (down from $250.00) on shares of Expedia Group in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $281.74.

Expedia Group Trading Up 3.1%

Shares of EXPE opened at $221.73 on Tuesday. The stock’s fifty day simple moving average is $254.38 and its 200-day simple moving average is $241.81. The firm has a market capitalization of $27.17 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.41. Expedia Group has a 12-month low of $130.01 and a 12-month high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. As a group, research analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 102,494 shares during the last quarter. Norges Bank purchased a new stake in Expedia Group in the 2nd quarter valued at about $663,882,000. Windacre Partnership LLC lifted its position in shares of Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after buying an additional 309,900 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Expedia Group by 25.0% during 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 buying an additional 728,063 shares in the last quarter. 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 worth $574,364,000 after buying an additional 58,244 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.