Robert W. Baird Increases Expedia Group (NASDAQ:EXPE) Price Target to $294.00

Expedia Group (NASDAQ:EXPE) had its price objective upped by equities research analysts at Robert W. Baird from $290.00 to $294.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the online travel company’s stock. Robert W. Baird’s price target points to a potential upside of 14.13% from the company’s previous close.

EXPE has been the subject of a number of other research reports. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. Wells Fargo & Company cut their price objective on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Piper Sandler increased their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, B. Riley Financial lowered their target price on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $288.64.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $257.61 on Wednesday. The firm has a market cap of $31.57 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.23. The business’s 50 day moving average is $243.69 and its 200-day moving average is $243.88. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group has a 1-year low of $174.05 and a 1-year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Equities research analysts predict that Expedia Group will post 16.98 earnings per share for the current year.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Expedia Group during the 4th quarter worth $408,000. NewEdge Advisors LLC grew its position in Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Expedia Group during the second quarter worth about $596,000. Daiwa Securities Group Inc. raised its stake in Expedia Group by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after acquiring an additional 1,290 shares in the last quarter. Finally, AXA S.A. lifted its holdings in shares of Expedia Group by 5.9% in the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after acquiring an additional 615 shares during the last quarter. 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.