Expedia Group (NASDAQ:EXPE) Price Target Raised to $260.00

Expedia Group (NASDAQ:EXPE) had its price target increased by Royal Bank Of Canada from $200.00 to $260.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the online travel company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 0.66% from the company’s previous close.

Several other brokerages also recently issued reports on EXPE. Jefferies Financial Group raised their price target on Expedia Group from $210.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, October 17th. Rothschild & Co Redburn increased their target price on Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial set a $210.00 price target on shares of Expedia Group in a research report on Monday, October 27th. Wells Fargo & Company upped their target price on shares of Expedia Group from $212.00 to $272.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup raised their price target on shares of Expedia Group from $177.00 to $206.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $244.03.

Expedia Group Stock Performance

EXPE traded up $38.59 during trading hours on Friday, hitting $258.29. 6,217,962 shares of the stock were exchanged, compared to its average volume of 2,017,930. The stock has a 50-day simple moving average of $218.64 and a 200-day simple moving average of $191.28. Expedia Group has a 12 month low of $130.01 and a 12 month high of $264.20. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the company earned $6.13 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 2,658 shares of Expedia Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the transaction, the insider owned 74,417 shares in the company, valued at $15,297,902.69. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,816 shares of company stock worth $2,009,132. Insiders own 9.13% of the company’s stock.

Institutional Trading of Expedia Group

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Expedia Group by 0.8% in the third quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after buying an additional 52 shares during the period. First Horizon Advisors Inc. grew its position in Expedia Group by 4.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after purchasing an additional 55 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Expedia Group by 8.0% in the third quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after buying an additional 55 shares during the period. Millington Financial Advisors LLC raised its position in Expedia Group by 0.4% during the third quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock valued at $2,870,000 after buying an additional 55 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Expedia Group by 43.2% in the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 57 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.