Expedia Group, Inc. (NASDAQ:EXPE) Forecasted to Post Q2 2023 Earnings of $2.02 Per Share

Posted by Defense World Staff on Jun 26th, 2023

Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Stock analysts at B. Riley issued their Q2 2023 earnings per share estimates for Expedia Group in a research note issued to investors on Wednesday, June 21st. B. Riley analyst N. Khan expects that the online travel company will earn $2.02 per share for the quarter. B. Riley currently has a “Buy” rating and a $160.00 target price on the stock. The consensus estimate for Expedia Group’s current full-year earnings is $6.73 per share. B. Riley also issued estimates for Expedia Group’s Q3 2023 earnings at $4.70 EPS, Q4 2023 earnings at $1.43 EPS, FY2023 earnings at $7.36 EPS, FY2024 earnings at $9.40 EPS, FY2025 earnings at $11.42 EPS, FY2026 earnings at $13.75 EPS and FY2027 earnings at $16.30 EPS.

A number of other brokerages have also recently commented on EXPE. Citigroup reduced their target price on Expedia Group from $125.00 to $105.00 in a report on Wednesday, May 17th. DA Davidson reduced their price objective on Expedia Group from $121.00 to $109.00 in a research note on Friday, May 5th. Wedbush assumed coverage on shares of Expedia Group in a research note on Monday, June 5th. They set a “neutral” rating and a $116.00 target price on the stock. Gordon Haskett upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Finally, Wells Fargo & Company assumed coverage on shares of Expedia Group in a research note on Wednesday, June 7th. They issued an “underweight” rating and a $93.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $128.22.

Expedia Group Trading Down 2.4 %

Shares of Expedia Group stock opened at $104.79 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.90. Expedia Group has a twelve month low of $82.39 and a twelve month high of $124.95. The firm has a market capitalization of $15.52 billion, a PE ratio of 53.19, a P/E/G ratio of 1.58 and a beta of 1.60. The firm’s 50-day moving average price is $98.30 and its 200 day moving average price is $99.61.

Expedia Group (NASDAQ:EXPE – Get Rating) last issued its earnings results on Thursday, May 4th. The online travel company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.27). Expedia Group had a return on equity of 22.98% and a net margin of 2.72%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.69 billion.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 462 shares of Expedia Group stock in a transaction on Monday, May 15th. The stock was sold at an average price of $91.66, for a total value of $42,346.92. Following the completion of the sale, the chief accounting officer now directly owns 9,517 shares of the company’s stock, valued at $872,328.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Expedia Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,898,096 shares of the online travel company’s stock valued at $1,583,182,000 after buying an additional 265,087 shares in the last quarter. Geode Capital Management LLC grew its stake in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,210,731 shares of the online travel company’s stock worth $280,844,000 after purchasing an additional 29,222 shares in the last quarter. Alkeon Capital Management LLC grew its stake in Expedia Group by 2.8% during the 4th quarter. Alkeon Capital Management LLC now owns 2,964,112 shares of the online travel company’s stock worth $259,656,000 after purchasing an additional 79,818 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Expedia Group by 76.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,525,938 shares of the online travel company’s stock worth $221,272,000 after purchasing an additional 1,093,545 shares in the last quarter. Finally, FIL Ltd grew its stake in Expedia Group by 122.6% during the 1st quarter. FIL Ltd now owns 2,075,633 shares of the online travel company’s stock worth $201,399,000 after purchasing an additional 1,143,355 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Expedia Group Company Profile

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Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.