B. Riley Issues Positive Estimate for Expedia Group Earnings

Expedia Group, Inc. (NASDAQ:EXPE) – Stock analysts at B. Riley raised their FY2024 earnings estimates for shares of Expedia Group in a report issued on Tuesday, January 28th. B. Riley analyst N. Khan now anticipates that the online travel company will post earnings of $7.77 per share for the year, up from their previous forecast of $7.76. The consensus estimate for Expedia Group’s current full-year earnings is $8.76 per share. B. Riley also issued estimates for Expedia Group’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at ($1.07) EPS, Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $4.58 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $6.34 EPS, FY2026 earnings at $9.40 EPS, FY2027 earnings at $11.82 EPS, FY2028 earnings at $14.24 EPS and FY2029 earnings at $17.01 EPS.

EXPE has been the subject of several other reports. DA Davidson upped their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Cantor Fitzgerald dropped their price target on shares of Expedia Group from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Monday, January 6th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Finally, UBS Group lifted their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Twenty equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $177.75.

Expedia Group Stock Performance

Shares of EXPE stock opened at $171.95 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $22.07 billion, a P/E ratio of 22.13, a P/E/G ratio of 0.78 and a beta of 1.83. Expedia Group has a one year low of $107.25 and a one year high of $192.34. The firm has a 50-day moving average of $183.77 and a 200-day moving average of $158.62.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business posted $4.85 EPS.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,951 shares of company stock valued at $3,476,610 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several institutional investors have recently added to or reduced their stakes in EXPE. Nkcfo LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $1,963,000. Strategic Financial Concepts LLC bought a new position in Expedia Group during the 4th quarter valued at about $13,853,000. Principal Securities Inc. boosted its holdings in shares of Expedia Group by 5.4% during the 4th quarter. Principal Securities Inc. now owns 2,360 shares of the online travel company’s stock valued at $440,000 after acquiring an additional 121 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Expedia Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 418,272 shares of the online travel company’s stock worth $77,936,000 after acquiring an additional 18,742 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $200,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Company Profile

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.