Morgan Stanley Issues Positive Forecast for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price target raised by research analysts at Morgan Stanley from $180.00 to $270.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 8.97% from the company’s current price.

Several other equities analysts also recently commented on the stock. Cantor Fitzgerald upped their price target on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. TD Cowen increased their target price on shares of Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. KeyCorp began coverage on shares of Expedia Group in a research report on Wednesday, October 22nd. They issued a “sector weight” rating for the company. B. Riley boosted their price target on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup raised their price objective on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have given a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $285.16.

Expedia Group Stock Up 1.7%

EXPE stock traded up $5.07 during mid-day trading on Tuesday, reaching $296.60. The company had a trading volume of 251,999 shares, compared to its average volume of 1,310,452. Expedia Group has a 52 week low of $130.01 and a 52 week high of $303.80. The company has a market capitalization of $36.34 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.07 and a beta of 1.43. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $268.94 and a two-hundred day simple moving average of $227.32.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share 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 business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the business earned $6.13 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. The trade was a 25.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,849 shares of company stock valued at $1,283,270. Corporate insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently added to or reduced their stakes in EXPE. Vanguard Group Inc. lifted its holdings in shares of Expedia Group by 0.7% during the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock worth $2,581,530,000 after purchasing an additional 102,494 shares during the period. Norges Bank bought a new position in Expedia Group during the 2nd quarter worth $663,882,000. Windacre Partnership LLC raised its position in Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Expedia Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after buying an additional 58,244 shares during the last quarter. 90.76% of the stock is owned by 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.