Expedia Group (NASDAQ:EXPE) Price Target Raised to $290.00

Expedia Group (NASDAQ:EXPE) had its price objective boosted by research analysts at Morgan Stanley from $270.00 to $290.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s target price would suggest a potential upside of 24.47% from the company’s current price.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Barclays lifted their price objective on shares of Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. BMO Capital Markets increased their price objective on Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Robert W. Baird boosted their price objective on shares of Expedia Group from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Mizuho lowered their price target on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $282.29.

Expedia Group Stock Down 1.4%

EXPE stock opened at $232.99 on Friday. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.74 and a beta of 1.41. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group has a 12 month low of $130.01 and a 12 month high of $303.80. The firm has a 50-day moving average of $237.13 and a two-hundred day moving average of $244.37.

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

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred 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 sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. CI Investments Inc. raised its holdings in Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after acquiring an additional 39,922 shares during the period. Rakuten Investment Management Inc. bought a new position in Expedia Group during the third quarter valued at about $1,063,000. Convergence Investment Partners LLC acquired a new position in Expedia Group in the 3rd quarter valued at approximately $1,001,000. Railway Pension Investments Ltd raised its stake in shares of Expedia Group by 19.6% in the 3rd quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after buying an additional 18,900 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Expedia Group by 13.9% during the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after acquiring an additional 4,853 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.