Truist Financial Cuts Expedia Group (NASDAQ:EXPE) Price Target to $246.00

Expedia Group (NASDAQ:EXPE) had its price objective reduced by equities research analysts at Truist Financial from $252.00 to $246.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the online travel company’s stock. Truist Financial’s target price would indicate a potential upside of 7.76% from the stock’s current price.

Several other brokerages also recently weighed in on EXPE. TD Cowen dropped their target price on Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Susquehanna reiterated a “neutral” rating and set a $240.00 price target on shares of Expedia Group in a research report on Tuesday, February 17th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. BMO Capital Markets increased their price target on Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Finally, Sanford C. Bernstein decreased their target price on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 11th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.45.

Expedia Group Stock Performance

EXPE stock opened at $228.28 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The business’s fifty day simple moving average is $231.07 and its two-hundred day simple moving average is $244.92. Expedia Group has a twelve month low of $130.01 and a twelve month high of $303.80. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 0.69 and a beta of 1.33.

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

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on 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 sale, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 9.13% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Large investors have recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new stake in Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at about $26,000. JFS Wealth Advisors LLC raised its position in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.