FY2024 EPS Estimates for Expedia Group Boosted by B. Riley

Expedia Group, Inc. (NASDAQ:EXPE) – Stock analysts at B. Riley raised their FY2024 earnings per share estimates for Expedia Group in a research report issued to clients and investors on Tuesday, January 28th. B. Riley analyst N. Khan now anticipates that the online travel company will post earnings per share of $7.77 for the year, up from their previous 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.

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

EXPE has been the subject of a number of other reports. Susquehanna increased their price target on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Cantor Fitzgerald reduced their price target on shares of Expedia Group from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday. DA Davidson lifted their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Argus increased their price target on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Twenty investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $177.75.

Expedia Group Stock Up 0.4 %

Shares of EXPE stock opened at $171.95 on Thursday. The company’s fifty day simple moving average is $183.77 and its two-hundred day simple moving average is $158.62. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34. The stock has a market cap of $22.07 billion, a P/E ratio of 22.13, a PEG ratio of 0.78 and a beta of 1.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was 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 directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,951 shares of company stock worth $3,476,610. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SRH Advisors LLC acquired a new stake in Expedia Group in the fourth quarter worth about $28,000. Grove Bank & Trust boosted its stake 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 grew its position in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new position in 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 in the fourth quarter worth $72,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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.