Expedia Group, Inc. is expected to report Q2 2022 earnings of $1.03 per share (NASDAQ: EXPE)

0

Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) – Oppenheimer analysts dropped their second quarter 2022 earnings per share estimates for Expedia Group shares in a research note released to investors Thursday, July 21 . Oppenheimer analyst J. Kelly now expects the online travel company to post earnings per share of $1.03 for the quarter, down from its previous estimate of $1.04. The consensus estimate for Expedia Group’s current annual earnings is $4.57 per share.

Other analysts have also released reports on the company. DA Davidson raised its price target on Expedia Group from $167.00 to $195.00 and gave the stock a “neutral” rating in a Tuesday, May 3 research note. Mizuho raised its price target on Expedia Group from $155.00 to $172.00 in a Tuesday, May 3 research note. Evercore ISI reduced its price target on Expedia Group from $222.00 to $154.00 and placed an “inline” rating on the stock in a Thursday, July 7 research note. Argus reduced its price target on Expedia Group from $240.00 to $220.00 in a Thursday, April 7 research note. Finally, Ascendant Capital Markets set a price target of $202.00 on Expedia Group in a Monday, June 20 research note. Fourteen equity research analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $191.30.

Expedia Group shares down 2.9%

NASDAQ:EXPE shares 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 ratio of 2.16. Expedia Group has a 12 month minimum of $88.70 and a 12 month maximum of $217.72. The company has a market capitalization of $15.61 billion, a price/earnings ratio of 85.67, a PEG ratio of 1.61 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE – Get Rating) last released its quarterly results on Monday, May 2. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.69) by ($0.24). Expedia Group achieved a return on equity of 11.93% and a net margin of 4.87%. The company posted revenue of $2.25 billion in the quarter, versus analyst estimates of $2.27 billion. In the same period a year earlier, the company posted ($2.59) earnings per share.

Institutional entries and exits

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

Insider activity

Separately, director Dara Khosrowshahi sold 10,000 shares of the company in a deal that took place on Monday, May 2. 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 administrator now directly owns 252,112 shares of 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 via this hyperlink. Separately, director Dara Khosrowshahi sold 10,000 shares of the company in a deal that took place on Monday, May 2. The stock was sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following completion of the transaction, the administrator now owns 252,112 shares of 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 on the SEC’s website. Additionally, CAO Lance A. Soliday sold 376 shares of the company in a trade that took place on Monday, May 16. The shares were sold at an average price of $124.12, for a total value of $46,669.12. As a result of the transaction, the accounting chief now owns 8,949 shares of the company, valued at approximately $1,110,749.88. The disclosure of this sale can be found here. Insiders of the company own 5.00% of the shares of the company.

About Expedia Group

(Get a rating)

Expedia Group, Inc. operates as an online travel agency 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 the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.

Read more

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



Get news and reviews for Expedia Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Expedia Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Share.

Comments are closed.