Expedia Group (NASDAQ:EXPE) Coverage Initiated by Analysts at Rosenblatt Securities

Key Points

• Rosenblatt Securities initiated coverage of Expedia Group with a “neutral” rating and a $360 price target, implying 13.52% potential upside from the reported share price.
• Analyst sentiment remains mixed, with 18 Buy ratings and 22 Holds; the consensus rating is “Hold” with an average price target of $318.71.
• Expedia exceeded quarterly expectations, reporting $5.76 in earnings per share versus $5.22 expected and $4.32 billion in revenue, up 14% year over year. Insiders sold a combined $4.98 million of stock over the past 90 days.

Rosenblatt Securities assumed coverage on shares of Expedia Group (NASDAQ:EXPE - Get Free Report) in a note issued to investors on Tuesday, Benzinga reports. The firm set a "neutral" rating and a $360.00 price target on the online travel company's stock. Rosenblatt Securities' price objective indicates a potential upside of 13.52% from the company's current price.

A number of other research firms have also recently commented on EXPE. DA Davidson decreased their target price on shares of Expedia Group from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Wall Street Zen cut shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $325.00 target price (up from $245.00) on shares of Expedia Group in a report on Thursday, August 6th. Wells Fargo & Company increased their price target on Expedia Group from $303.00 to $307.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, Bank of America reissued a "buy" rating on shares of Expedia Group in a report on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $318.71.

Expedia Group Stock Down 3.7%

EXPE stock opened at $317.12 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $38.06 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 0.81 and a beta of 1.22. The business's 50-day moving average is $291.00 and its two-hundred day moving average is $251.82. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period last year, the firm earned $4.24 earnings per share. The company's quarterly revenue was up 14.0% on a year-over-year basis. As a group, analysts forecast that Expedia Group will post 17.15 earnings per share for the current year.

Insider Activity

In related news, Director Craig A. Jacobson sold 3,133 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares of the company's stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares of the company's stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,652 shares of company stock worth $4,977,561 over the last 90 days. Corporate insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Expedia Group

Several institutional investors have recently made changes to their positions in the company. Motiv8 Investments LLC bought a new position in Expedia Group in the 4th quarter valued at $25,000. Entrust Financial LLC bought a new position in Expedia Group in the fourth quarter worth approximately $26,000. First Bancorp Inc ME bought a new stake in Expedia Group during the 2nd quarter valued at $28,000. DV Equities LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at $46,000. Finally, Elevation Wealth Partners LLC grew its holdings in Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Company Profile

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.

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