Expedia Group (NASDAQ:EXPE) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen raised its price target on Expedia from $256 to $300, implying about a 16% upside; MarketBeat shows a consensus rating of "Hold" with an average target near $291.52.
• Expedia recently reported a quarterly EPS beat of $7.57 vs. $7.10 expected and revenue of $4.41 billion (up 8.7% YoY), and analysts forecast about $12.28 EPS for the current year.
• Insiders sold 4,849 shares last quarter (~$1.28M), while institutional investors own roughly 90.76% of the company and insiders hold about 9.13%.

Expedia Group (NASDAQ:EXPE - Get Free Report) had its price target boosted by research analysts at TD Cowen from $256.00 to $300.00 in a research report issued on Tuesday,MarketScreener reports. TD Cowen's price target suggests a potential upside of 16.05% from the stock's current price.

Several other research firms have also recently commented on EXPE. Weiss Ratings reissued a "buy (b-)" rating on shares of Expedia Group in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on shares of Expedia Group from $225.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, November 7th. Robert W. Baird upped their target price on Expedia Group from $240.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Morgan Stanley lifted their price target on Expedia Group from $180.00 to $270.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 13th. Finally, Rothschild & Co Redburn boosted their price objective on Expedia Group from $290.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and an average target price of $291.52.

Expedia Group Stock Performance

EXPE stock traded down $18.17 during midday trading on Tuesday, reaching $258.50. The company had a trading volume of 429,551 shares, compared to its average volume of 1,652,486. The firm has a market capitalization of $31.67 billion, a PE ratio of 24.77, a P/E/G ratio of 0.86 and a beta of 1.42. The stock has a 50 day moving average price of $278.30 and a 200 day moving average price of $237.93. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the company posted $6.13 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company's stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the firm's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares of the company's stock, valued at approximately $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,849 shares of company stock worth $1,283,270. Company insiders own 9.13% of the company's stock.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Expedia Group by 3.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245,776 shares of the online travel company's stock valued at $69,540,000 after purchasing an additional 8,253 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Expedia Group by 1.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,919 shares of the online travel company's stock worth $4,793,000 after buying an additional 229 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Expedia Group by 1,059.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,090 shares of the online travel company's stock valued at $309,000 after buying an additional 996 shares in the last quarter. Highland Capital Management LLC acquired a new position in Expedia Group during the fourth quarter valued at $2,065,000. Finally, Principal Financial Group Inc. raised its position in Expedia Group by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 152,352 shares of the online travel company's stock valued at $43,163,000 after buying an additional 404 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

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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