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


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

Other analysts have also issued reports about the company. DA Davidson raised their price target on Expedia Group from $ 167.00 to $ 195.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 3rd. Mizuho lifted their price objective on Expedia Group from $ 155.00 to $ 172.00 in a research note on Tuesday, May 3rd. Evercore ISI reduced their price objective on Expedia Group from $ 222.00 to $ 154.00 and set an “in-line” rating on the stock in a research note on Thursday, July 7th. Argus reduced their price objective on Expedia Group from $ 240.00 to $ 220.00 in a research note on Thursday, April 7th. Finally, Ascendiant Capital Markets set a $ 202.00 price objective on Expedia Group in a research note on Monday, June 20th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $ 191.30.

Expedia Group Stock Down 2.9%

Shares of NASDAQ: EXPE opened at $ 99.38 on Friday. The stock’s 50-day moving average price is $ 108.99 and its two-hundred day moving average price is $ 156.60. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.16. Expedia Group has a 12-month low of $ 88.70 and a 12-month high of $ 217.72. The firm has a market cap of $ 15.61 billion, a price-to-earnings ratio of 85.67, a PEG ratio of 1.61 and a beta of 1.61.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KC Investment Advisors LLC grew its position in Expedia Group by 1.8% in the 4th quarter. KC Investment Advisors LLC now owns 3,117 shares of the online travel company’s stock valued at $ 563,000 after buying an additional 55 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Expedia Group by 41.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $ 36,000 after buying an additional 58 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Expedia Group by 4.1% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,520 shares of the online travel company’s stock valued at $ 275,000 after buying an additional 60 shares in the last quarter. Focused Wealth Management Inc grew its position in Expedia Group by 6.5% in the 4th quarter. Focused Wealth Management Inc now owns 985 shares of the online travel company’s stock valued at $ 178,000 after buying an additional 60 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in Expedia Group by 1.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,054 shares of the online travel company’s stock valued at $ 733,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.

Insider Activity

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

About Expedia Group

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



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