Oppenheimer Weighs in on Expedia Group, Inc.’s Q2 2022 Earnings (NASDAQ:EXPE)
Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Oppenheimer cut their Q2 2022 earnings estimates for Expedia Group in a research report issued on Tuesday, May 3rd. Oppenheimer analyst J. Kelly now anticipates that the online travel company will post earnings of $1.04 per share for the quarter, down from their previous forecast of $1.35. Oppenheimer also issued estimates for Expedia Group’s Q3 2022 earnings at $3.42 EPS, Q4 2022 earnings at $1.61 EPS, FY2022 earnings at $5.20 EPS and FY2023 earnings at $8.08 EPS.
Several other equities research analysts have also recently weighed in on EXPE. Mizuho increased their price objective on shares of Expedia Group from $155.00 to $172.00 in a research report on Tuesday. Barclays increased their price objective on shares of Expedia Group from $226.00 to $229.00 in a research report on Tuesday. Royal Bank of Canada cut their target price on shares of Expedia Group from $200.00 to $185.00 in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Expedia Group in a research note on Friday, January 7th. They set a “hold” rating and a $200.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Expedia Group from a “hold” rating to a “sell” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 12th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $208.71.
EXPE opened at $139.50 on Friday. Expedia Group has a twelve month low of $135.00 and a twelve month high of $217.72. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The company has a fifty day moving average of $183.27 and a 200-day moving average of $179.75. The stock has a market cap of $21.73 billion, a PE ratio of 120.26, a price-to-earnings-growth ratio of 1.83 and a beta of 1.51.
Expedia Group (NASDAQ:EXPE – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.13. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same quarter in the previous year, the firm earned ($2.59) earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of the company. D1 Capital Partners L.P. increased its stake in shares of Expedia Group by 10.5% in the fourth 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 purchasing an additional 1,200,900 shares in the last quarter. BlackRock Inc. grew its stake in Expedia Group by 4.8% during the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock valued at $1,847,057,000 after acquiring an additional 469,338 shares in the last quarter. State Street Corp grew its stake in Expedia Group by 4.7% during the fourth quarter. State Street Corp now owns 5,820,781 shares of the online travel company’s stock valued at $1,051,932,000 after acquiring an additional 262,865 shares in the last quarter. Par Capital Management Inc. grew its stake in Expedia Group by 5.6% during the third quarter. Par Capital Management Inc. now owns 4,056,066 shares of the online travel company’s stock valued at $664,789,000 after acquiring an additional 214,952 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Expedia Group by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,769,044 shares of the online travel company’s stock valued at $499,177,000 after acquiring an additional 145,493 shares in the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.
In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 252,112 shares in the company, valued at $43,600,249.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 45,891 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $209.85, for a total transaction of $9,630,226.35. The disclosure for this sale can be found here. Insiders have sold 113,477 shares of company stock valued at $22,780,123 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.
Expedia Group Company Profile (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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