Expedia Group (NASDAQ:EXPE) Given New $300.00 Price Target at Morgan Stanley

Expedia Group (NASDAQ:EXPE) had its price target upped by equities researchers at Morgan Stanley from $290.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the online travel company’s stock. Morgan Stanley’s price objective indicates a potential upside of 2.15% from the stock’s previous close.

EXPE has been the topic of several other reports. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Monday, July 20th. Jefferies Financial Group upped their target price on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company reduced their price target on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $288.94.

Expedia Group Trading Down 3.5%

EXPE traded down $10.58 during trading on Thursday, hitting $293.69. 769,467 shares of the company’s stock were exchanged, compared to its average volume of 2,074,785. Expedia Group has a 1 year low of $174.05 and a 1 year high of $312.40. The stock has a 50 day moving average price of $249.15 and a 200 day moving average price of $243.55. The firm has a market cap of $35.99 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. As a group, analysts expect that Expedia Group will post 17.04 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EXPE. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $25,000. Entrust Financial LLC bought a new stake in Expedia Group during the fourth quarter valued at $26,000. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $29,000. Sunbelt Securities Inc. raised its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.