Jefferies Financial Group Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its target price increased by Jefferies Financial Group from $300.00 to $310.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the online travel company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 16.70% from the company’s previous close.

A number of other analysts also recently commented on EXPE. Deutsche Bank Aktiengesellschaft lowered their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. DA Davidson reduced their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Piper Sandler boosted their price target on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 8th. UBS Group dropped their price objective on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus target price of $286.58.

Expedia Group Trading Down 1.9%

NASDAQ EXPE opened at $265.63 on Tuesday. Expedia Group has a 1 year low of $174.05 and a 1 year high of $303.80. 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 company has a market capitalization of $32.55 billion, a PE ratio of 23.38, a P/E/G ratio of 0.71 and a beta of 1.23. The company has a fifty day moving average of $238.37 and a 200 day moving average of $245.01.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.40 EPS. Research analysts forecast that Expedia Group will post 16.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes 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 stake in Expedia Group in the 4th quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its stake in Expedia Group by 78.6% in the fourth 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 during the last quarter. Lodestone Wealth Management LLC purchased a new position in Expedia Group in the fourth quarter valued at $29,000. Finally, Sunbelt Securities Inc. lifted its stake in Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. 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.