Argus Forecasts Strong Price Appreciation for Expedia Group (NASDAQ:EXPE) Stock

Expedia Group (NASDAQ:EXPE) had its price objective increased by research analysts at Argus from $340.00 to $345.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the online travel company’s stock. Argus’ price objective suggests a potential upside of 21.01% from the company’s current price.

A number of other brokerages have also recently issued reports on EXPE. HSBC increased their price objective on Expedia Group from $272.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Mizuho boosted their price objective on shares of Expedia Group from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. BMO Capital Markets increased their target price on shares of Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. BTIG Research boosted their price target on shares of Expedia Group from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, Robert W. Baird boosted 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $288.32.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $285.11 on Friday. The firm’s 50 day simple moving average is $274.27 and its 200 day simple moving average is $229.93. Expedia Group has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a market capitalization of $34.94 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 1.06 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.

Expedia Group (NASDAQ:EXPE) last released its 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 return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the firm posted $6.13 EPS. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Expedia Group will post 12.28 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total value 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. The trade was a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 over the last three months. 9.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Expedia Group by 2.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock valued at $18,213,000 after buying an additional 2,767 shares during the period. Railway Pension Investments Ltd increased its position in Expedia Group by 19.6% in the 3rd quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after acquiring an additional 18,900 shares during the period. Vise Technologies Inc. purchased a new position in Expedia Group in the 2nd quarter valued at $2,351,000. Brighton Jones LLC boosted its holdings in Expedia Group by 44.1% in the 3rd quarter. Brighton Jones LLC now owns 16,311 shares of the online travel company’s stock valued at $3,486,000 after purchasing an additional 4,988 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new stake in Expedia Group in the second quarter valued at $417,000. 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.