Expedia Group’s (EXPE) “Market Perform” Rating Reiterated at Citizens Jmp

Expedia Group (NASDAQ:EXPE)‘s stock had its “market perform” rating reissued by equities researchers at Citizens Jmp in a note issued to investors on Tuesday,Benzinga reports.

Several other equities analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of Expedia Group from $180.00 to $270.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Truist Financial boosted their price objective on Expedia Group from $210.00 to $252.00 and gave the stock a “hold” rating in a research note on Tuesday, February 10th. Argus lifted their target price on Expedia Group from $340.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, January 16th. BMO Capital Markets upped their price target on shares of Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a report on Friday. Finally, Sanford C. Bernstein boosted their target price on shares of Expedia Group from $210.00 to $256.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $288.23.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $205.32 on Tuesday. Expedia Group has a 12-month low of $130.01 and a 12-month high of $303.80. The company has a market cap of $25.16 billion, a PE ratio of 21.01, a P/E/G ratio of 0.66 and a beta of 1.41. The stock has a 50 day simple moving average of $272.36 and a 200-day simple moving average of $241.06. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business earned $2.39 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that Expedia Group will post 12.28 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth $408,000. NewEdge Advisors LLC increased its position in Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Expedia Group during the 2nd quarter worth about $596,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $725,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $726,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.