Expedia Group (NASDAQ:EXPE) Stock Rating Upgraded by Rosenblatt Securities

Key Points

• Rosenblatt Securities upgraded Expedia Group to “hold,” while the broader analyst consensus remains “Hold,” with 18 Buy ratings, 22 Hold ratings and an average price target of $318.71.
• Expedia shares opened at $304.23, with a market capitalization of about $36.5 billion; the stock has traded between $185.34 and $342.00 over the past year.
• The company recently exceeded quarterly expectations, reporting $5.76 in adjusted earnings per share and $4.32 billion in revenue, while insiders sold approximately $5.0 million of stock over the past 90 days.

Expedia Group (NASDAQ:EXPE - Get Free Report) was upgraded by equities researchers at Rosenblatt Securities to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Several other brokerages have also recently issued reports on EXPE. Evercore set a $430.00 target price on Expedia Group in a report on Monday, August 24th. Piper Sandler reissued a "neutral" rating and set a $325.00 price target (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Expedia Group from $244.00 to $230.00 and set a "hold" rating for the company in a report on Monday, May 18th. Benchmark raised their price objective on shares of Expedia Group from $290.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their target price on shares of Expedia Group from $303.00 to $307.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Expedia Group has an average rating of "Hold" and an average target price of $318.71.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $304.23 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The firm has a market capitalization of $36.51 billion, a PE ratio of 18.97, a PEG ratio of 0.78 and a beta of 1.25. The stock's fifty day moving average is $292.19 and its 200 day moving average is $252.31.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its 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. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $4.24 earnings per share. On average, sell-side analysts anticipate that Expedia Group will post 17.15 earnings per share for the current year.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,652 shares of company stock worth $4,977,561 over the last ninety days. Company insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds have recently added to or reduced their stakes in EXPE. Motiv8 Investments LLC acquired a new position in shares of Expedia Group during the fourth quarter worth about $25,000. Entrust Financial LLC purchased a new position in Expedia Group in the fourth quarter worth approximately $26,000. First Bancorp Inc ME purchased a new position in Expedia Group in the second quarter worth approximately $28,000. Sunbelt Securities Inc. grew its holdings in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock worth $39,000 after acquiring an additional 165 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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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