Expedia Group (NASDAQ:EXPE) Price Target Raised to $280.00 at Robert W. Baird

Expedia Group (NASDAQ:EXPE) had its price objective upped by Robert W. Baird from $240.00 to $280.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the online travel company’s stock. Robert W. Baird’s price target would suggest a potential upside of 6.17% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Sanford C. Bernstein set a $210.00 target price on shares of Expedia Group in a report on Monday, August 11th. Jefferies Financial Group upped their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. Wells Fargo & Company lifted their target price on Expedia Group from $212.00 to $272.00 and gave the company an “equal weight” rating in a report on Friday. Cowen restated a “hold” rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Expedia Group in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average price target of $244.03.

Expedia Group Trading Up 20.0%

Expedia Group stock traded up $44.03 during midday trading on Friday, reaching $263.73. 5,292,702 shares of the stock traded hands, compared to its average volume of 2,013,682. The firm has a market cap of $32.63 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a 50-day simple moving average of $218.64 and a two-hundred day simple moving average of $191.28. Expedia Group has a 12-month low of $130.01 and a 12-month high of $262.45.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the company earned $6.13 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Lance A. Soliday sold 852 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. This represents a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 3,306 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider directly owned 77,075 shares in the company, valued at approximately $15,479,743. This represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,816 shares of company stock valued at $2,009,132 in the last ninety days. 9.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of EXPE. Spire Wealth Management lifted its stake in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after acquiring an additional 80 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Expedia Group in the 1st quarter valued at approximately $28,000. GFG Capital LLC acquired a new position in Expedia Group during the second quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Expedia Group during the third quarter worth $30,000. 90.76% of the stock is owned by institutional investors and hedge funds.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.