Expedia Group (NASDAQ:EXPE) Given New $250.00 Price Target at DA Davidson

Expedia Group (NASDAQ:EXPE) had its price target lowered by analysts at DA Davidson from $260.00 to $250.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the online travel company’s stock. DA Davidson’s target price indicates a potential upside of 14.82% from the company’s current price.

Several other research analysts have also recently weighed in on EXPE. Wells Fargo & Company lowered their price target on shares of Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Argus cut their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Truist Financial reduced their target price on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Morgan Stanley boosted their target price on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Wedbush reissued a “neutral” rating and issued a $260.00 price target on shares of Expedia Group in a research note on Tuesday, February 17th. 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 company presently has an average rating of “Hold” and a consensus target price of $284.85.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded up $0.56 during midday trading on Friday, hitting $217.73. The company had a trading volume of 1,379,756 shares, compared to its average volume of 1,762,133. Expedia Group has a twelve month low of $156.05 and a twelve month high of $303.80. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day simple moving average is $238.81 and its 200-day simple moving average is $249.39.

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, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for 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 firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, 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 stock in a transaction dated Wednesday, March 4th. The shares were 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 $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 is available through the SEC website. 9.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in Expedia Group during the fourth quarter worth $26,000. JFS Wealth Advisors LLC lifted its stake in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Expedia Group during the fourth quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Expedia Group in the third quarter valued at $30,000. 90.76% of the stock is owned by hedge funds and other 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.