Expedia Group (NASDAQ:EXPE) Price Target Cut to $246.00 by Analysts at Truist Financial

Key Points

• Truist Financial cut its price target on Expedia from $252 to $246 and kept a "hold" rating, implying about a 7.8% upside from the stock's current price.
• Analysts are mixed: 14 Buy and 22 Hold ratings with a consensus target of $282.45, and individual price targets ranging roughly from $246 to $355.
• Expedia recently beat quarterly estimates—$3.78 EPS vs $3.32 expected and $3.55B revenue (up 11.4% YoY)—and the stock trades near $228 with a market cap around $28B.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its target price lowered by investment analysts at Truist Financial from $252.00 to $246.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has a "hold" rating on the online travel company's stock. Truist Financial's price objective points to a potential upside of 7.76% from the stock's current price.

EXPE has been the subject of several other research reports. Sanford C. Bernstein cut their target price on Expedia Group from $256.00 to $253.00 and set a "market perform" rating for the company in a research report on Wednesday, March 11th. BMO Capital Markets upped their price target on Expedia Group from $250.00 to $255.00 and gave the stock a "market perform" rating in a research note on Friday, February 13th. BTIG Research reaffirmed a "buy" rating and set a $330.00 price objective on shares of Expedia Group in a report on Monday, March 16th. The Goldman Sachs Group lifted their price objective on shares of Expedia Group from $325.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group raised shares of Expedia Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $240.00 to $300.00 in a report on Monday, March 30th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company's stock. According to MarketBeat, Expedia Group currently has an average rating of "Hold" and a consensus target price of $282.45.

Expedia Group Stock Up 1.3%

EXPE stock opened at $228.28 on Monday. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 0.69 and a beta of 1.33. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The business's 50-day moving average is $231.07 and its two-hundred day moving average is $244.92. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the previous year, the company posted $2.39 EPS. The business's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new stake in Expedia Group in the 4th quarter worth 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 purchasing an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Expedia Group in the fourth quarter worth about $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Expedia Group during the third quarter valued at approximately $30,000. 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.

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