Expedia Group, Inc. Expected to Post Q2 2022 Earnings of $1.03 Per Share (NASDAQ:EXPE)

Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Equities research analysts at Oppenheimer cut their Q2 2022 earnings estimates for Expedia Group in a note issued to investors on Thursday, July 21st. Oppenheimer analyst J. Kelly now anticipates that the online travel company will post earnings per share of $1.03 for the quarter, down from their previous forecast of $1.04. The consensus estimate for Expedia Group’s current full-year earnings is $4.57 per share.

Expedia Group (NASDAQ:EXPE – Get Rating) last announced its earnings results on Monday, May 2nd. The online travel company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.24). The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same period in the prior year, the company posted ($2.59) EPS.

Several other research firms also recently commented on EXPE. Truist Financial reduced their price target on shares of Expedia Group from $240.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Citigroup reduced their price target on shares of Expedia Group from $200.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Ascendiant Capital Markets set a $202.00 target price on shares of Expedia Group in a report on Monday, June 20th. Finally, JMP Securities reiterated a “mkt perform” rating on shares of Expedia Group in a report on Wednesday, June 22nd. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $191.30.

Expedia Group Trading Down 2.9 %

EXPE stock opened at $99.38 on Friday. The company has a market capitalization of $15.61 billion, a PE ratio of 85.67, a P/E/G ratio of 1.61 and a beta of 1.61. Expedia Group has a 12 month low of $88.70 and a 12 month high of $217.72. The firm’s 50-day moving average is $108.99 and its 200 day moving average is $156.60. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89.

Hedge Funds Weigh In On Expedia Group

Several institutional investors have recently made changes to their positions in EXPE. Allspring Global Investments Holdings LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $340,250,000. Bank of Nova Scotia increased its holdings in Expedia Group by 5,265.1% in the 1st quarter. Bank of Nova Scotia now owns 1,504,849 shares of the online travel company’s stock worth $294,454,000 after acquiring an additional 1,476,800 shares in the last quarter. Third Point LLC purchased a new stake in Expedia Group in the 4th quarter worth $236,266,000. Arrowstreet Capital Limited Partnership increased its holdings in Expedia Group by 187.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock worth $375,888,000 after acquiring an additional 1,251,933 shares in the last quarter. Finally, D1 Capital Partners L.P. increased its holdings in Expedia Group by 10.5% in the 4th quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock worth $2,292,170,000 after acquiring an additional 1,200,900 shares in the last quarter. 96.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at approximately $1,110,749.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the completion of the transaction, the director now directly owns 252,112 shares of the company’s stock, valued at approximately $43,600,249.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the transaction, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at $1,110,749.88. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

About Expedia Group

(Get Rating)

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 include 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, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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