Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Research analysts Zacks Research reduced their third quarter 2023 EPS estimates for Expedia Group in a research note published Tuesday, September 27. Zacks Research analyst S. Nag now expects the online travel company to post earnings per share of $2.05 for the quarter, down from its previous estimate of $2.15. The consensus estimate for Expedia Group’s current annual earnings is $5.04 per share. Zacks Research also released Expedia Group earnings estimates for fiscal year 2023 at $5.66 EPS.
A number of other research analysts also commented on the headline. Goldman Sachs Group lowered its price target on Expedia Group shares from $206.00 to $173.00 and set a “buy” rating on the stock in a Thursday, June 9 research note. BTIG Research lowered its price target on Expedia Group shares from $235.00 to $150.00 and placed a “buy” rating on the stock in a Wednesday, June 15 research note. Ascendant Capital Markets lowered its price target on Expedia Group shares to $190.00 in a Tuesday, September 13 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Expedia Group shares from $235.00 to $130.00 and set a “buy” rating on the stock in a Monday, Aug. 1 research note. Finally, Susquehanna Bancshares cut its price target on Expedia Group shares from $145.00 to $115.00 and set a “neutral” rating on the stock in a Friday, August 12 research report. Fourteen equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $166.42.
Expedia Group Price Performance
NASDAQ EXPE opened at $94.21 on Friday. Expedia Group has a 12 month minimum of $88.70 and a 12 month maximum of $217.72. The company has a debt ratio of 1.99, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $14.84 billion, a PE ratio of 46.87, a P/E/G ratio of 1.36 and a beta of 1.58. The company’s 50-day simple moving average is $104.08 and its 200-day simple moving average is $128.69.
Expedia Group (NASDAQ:EXPE – Get Rating) last announced its quarterly results on Thursday, August 4. The online travel company reported EPS of $1.96 for the quarter, beating the consensus estimate of $1.57 by $0.39. Expedia Group achieved a net margin of 4.26% and a return on equity of 22.14%. The company posted revenue of $3.18 billion for the quarter, versus analyst estimates of $2.99 billion. In the same quarter last year, the company made ($1.77) earnings per share. Expedia Group revenue increased 50.7% compared to the same quarter last year.
Insider buying and selling at Expedia Group
In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of Expedia Group in a trade on Monday, August 15. The shares were sold at an average price of $114.04, for a total transaction of $72,529.44. Following the completion of the sale, the accounting director now owns 8,949 shares of the company, valued at approximately $1,020,543.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of Expedia Group in a trade on Monday, August 15. The shares were sold at an average price of $114.04, for a total transaction of $72,529.44. Following the completion of the sale, the accounting director now owns 8,949 shares of the company, valued at approximately $1,020,543.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, director Jonathan L. Dolgen sold 1,000 shares of Expedia Group in a trade on Wednesday, September 7. The shares were sold at an average price of $101.55, for a total transaction of $101,550.00. Following the sale, the director now directly owns 37,779 shares of the company, valued at approximately $3,836,457.45. The disclosure of this sale can be found here. Insiders of the company own 7.52% of the shares of the company.
Institutional investors weigh in on Expedia Group
Several institutional investors and hedge funds have recently changed their holdings in EXPE. Capital Wealth Alliance LLC acquired a new stake in Expedia Group stock in Q2 worth $12,058,000. The Bank of Nova Scotia increased its stake in Expedia Group shares by 5,265.1% in Q1. The Bank of Nova Scotia now owns 1,504,849 shares of the online travel company valued at $294,454,000 after buying an additional 1,476,800 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Expedia Group by 187.1% in Q1. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company worth $375,888,000 after acquiring an additional 1,251,933 shares during the period. Renaissance Technologies LLC increased its stake in Expedia Group by 727.0% in the second quarter. Renaissance Technologies LLC now owns 1,423,993 shares of the online travel company worth $135,037,000 after acquiring an additional 1,251,800 shares during the period. Finally, D1 Capital Partners LP increased its stake in Expedia Group by 10.5% in the 4th quarter. D1 Capital Partners LP now owns 12,683,542 shares of the online travel company worth $2,292,170,000 after acquiring an additional 1,200,900 shares during the period. Institutional investors and hedge funds own 97.43% of the company’s shares.
About Expedia Group
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Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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