Expedia Group, Inc. (NASDAQ:EXPE) to Post Q4 2023 Earnings of $1.15 Per Share, Wedbush Forecasts

Expedia Group, Inc. (NASDAQ:EXPEFree Report) – Analysts at Wedbush dropped their Q4 2023 earnings per share estimates for Expedia Group in a research note issued to investors on Tuesday, January 30th. Wedbush analyst S. Devitt now anticipates that the online travel company will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.18. Wedbush has a “Neutral” rating and a $130.00 price objective on the stock. The consensus estimate for Expedia Group’s current full-year earnings is $7.40 per share. Wedbush also issued estimates for Expedia Group’s Q4 2024 earnings at $1.96 EPS.

Expedia Group (NASDAQ:EXPEGet Free Report) last announced its quarterly earnings results on Thursday, November 2nd. The online travel company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.29. Expedia Group had a net margin of 6.70% and a return on equity of 31.95%. The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.87 billion.

Other research analysts have also issued research reports about the company. Ascendiant Capital Markets upped their price target on Expedia Group from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, December 29th. HSBC initiated coverage on Expedia Group in a research note on Monday, October 23rd. They issued a “hold” rating and a $114.00 price target for the company. Oppenheimer upped their price objective on shares of Expedia Group from $135.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, December 11th. BMO Capital Markets started coverage on shares of Expedia Group in a research note on Tuesday, January 9th. They set an “outperform” rating and a $181.00 target price on the stock. Finally, Evercore ISI raised shares of Expedia Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $135.00 to $200.00 in a research note on Friday, November 17th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.74.

Read Our Latest Research Report on Expedia Group

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $151.72 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.14. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 0.61 and a beta of 1.87. Expedia Group has a 12 month low of $87.94 and a 12 month high of $155.84. The company has a 50-day moving average price of $146.81 and a 200-day moving average price of $122.01.

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently bought and sold shares of EXPE. Capital Wealth Alliance LLC bought a new position in shares of Expedia Group in the second quarter worth about $12,058,000. Norges Bank purchased a new stake in Expedia Group during the 4th quarter valued at approximately $118,582,000. Arrowstreet Capital Limited Partnership raised its position in shares of Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock valued at $375,888,000 after buying an additional 1,251,933 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Expedia Group by 166.9% during the second quarter. Fisher Asset Management LLC now owns 1,192,706 shares of the online travel company’s stock worth $130,470,000 after acquiring an additional 745,757 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Expedia Group by 4.8% during the first quarter. Vanguard Group Inc. now owns 16,147,624 shares of the online travel company’s stock valued at $3,159,605,000 after acquiring an additional 741,856 shares in the last quarter. Hedge funds and other institutional investors own 91.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total transaction of $1,508,800.00. Following the completion of the sale, the director now owns 226,521 shares of the company’s stock, valued at approximately $34,177,488.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $150.88, for a total transaction of $1,508,800.00. Following the completion of the transaction, the director now directly owns 226,521 shares in the company, valued at approximately $34,177,488.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 477 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $136.53, for a total transaction of $65,124.81. Following the sale, the chief accounting officer now owns 9,931 shares in the company, valued at approximately $1,355,879.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,477 shares of company stock worth $12,489,525. Company insiders own 8.07% of the company’s stock.

Expedia Group announced that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the online travel company to reacquire up to 30.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Expedia Group Company Profile

(Get Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Earnings History and Estimates for Expedia Group (NASDAQ:EXPE)

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