BTIG Research Reaffirms “Buy” Rating for Expedia Group (NASDAQ:EXPE)

Expedia Group (NASDAQ:EXPE)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a report issued on Monday,Benzinga reports. They presently have a $330.00 price objective on the online travel company’s stock. BTIG Research’s price objective suggests a potential upside of 51.56% from the company’s current price.

Other analysts have also issued reports about the stock. Mizuho dropped their target price on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. BMO Capital Markets increased their target price on shares of Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a report on Monday, April 27th. Susquehanna increased their target price on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Bank of America raised their price target on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $284.85.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $217.73 on Monday. The firm has a market cap of $26.68 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. Expedia Group has a fifty-two week low of $156.05 and a fifty-two week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50 day moving average price of $238.81 and a 200-day moving average price of $249.58.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts predict that Expedia Group will post 16.64 earnings per share for the current year.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Norges Bank purchased a new position in Expedia Group during the fourth quarter valued at $861,979,000. Wellington Management Group LLP lifted its position in Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC lifted its position in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after buying an additional 728,063 shares during the period. First Trust Advisors LP lifted its holdings in shares of Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after purchasing an additional 456,176 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.