FY2024 EPS Estimates for Expedia Group Lifted by B. Riley

Expedia Group, Inc. (NASDAQ:EXPE) – Research analysts at B. Riley boosted their FY2024 earnings estimates for shares of Expedia Group in a report released 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 prior estimate 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 topic of several other reports. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Morgan Stanley raised their price target on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Melius Research raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, January 6th. Twenty 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $177.75.

Expedia Group Stock Performance

Shares of EXPE stock opened at $171.27 on Thursday. Expedia Group has a one year low of $107.25 and a one year high of $192.34. The company’s 50-day moving average is $183.93 and its 200 day moving average is $158.53. The company has a market capitalization of $21.98 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

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

Institutional Investors Weigh In On Expedia Group

Several hedge funds have recently bought and sold shares of EXPE. SRH Advisors LLC purchased a new stake in Expedia Group in the 4th quarter worth approximately $28,000. Grove Bank & Trust boosted its position in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the 3rd quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,951 shares of company stock worth $5,045,310. 6.80% of the stock is owned by corporate insiders.

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.