The stock of Expedia Group Inc. (NASDAQ:EXPE) decreased by -$1.16 on Tuesday to finish at $104.58, down -1.10 percent. The last five days have seen an average of 2,954,180 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $16.98. The average number of shares traded over the last 20 days was 2,218,530, while the average volume over the last 50 days totaled 2,546,660.
EXPE stock dropped -2.45% since last month. On 09/07/23, the company’s shares reached a one-month low of $103.53. The stock touched a high of $124.95 on 02/02/23, after rallying from a low of $82.39 in 52 weeks. The price of EXPE stock has risen by 19.38% or $16.98 this year, reaching a new high 15 times. Still, the stock price is down -16.30% from the 52-week high.
Insider Transactions
EXPE stock investors should be aware that Expedia Group Inc. (EXPE) stock had its last reported insider trading activity 15 days ago on Sep 05. On Sep 05, Chief Legal Officer & Sec’y Dzielak Robert J sold 5,954 shares at $110.03 each. This transaction resulted in the insider making $655,135. On Aug 29, Dzielak Robert J sold 6,000 shares at a price of US$110.00. After the transaction, the insider now owns 75,750 shares. Chief Accounting Officer Soliday Lance A had earlier sold 531 shares on Aug 16 for $107.26 a share. The transaction was completed for $56,955.
Valuation Metrics
Expedia Group Inc. (EXPE) has a trailing price-to-earnings (P/E) ratio of 18.43. Beta for the stock is 1.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.22, the price-to-book (PB) ratio of 8.75, and the price-to-cash flow ratio of 6.46.
Company paid $0.34 per share in dividends, remained unchanged from $0.34 last year.
Financial Health
For the three months ended June 29, Expedia Group Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.55, and the total debt to equity ratio is 3.55. As far as profitability goes, gross margin for the trailing twelve months is 86.20% percent. Expedia Group Inc.’s EBITDA margin for the year ended June 29 was 16.78%, whereas its operating margin stood at 11.20% for the same period. Based on annual data, it had gross profit of $10.01 billion and revenue of $11.67 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EXPE’s return on assets (ROA) during the last 12 months has been 3.80%. There was a 11.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 44.20%.
Earnings Surprise
According to Expedia Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.36 billion, while revenues rose by 5.27% to $2.67 billion. It was predicted that Expedia Group Inc.’s quarterly earnings would be $2.89, but it ended up being $2.31, beating the consensus by 25.10%. EBITDA was $748.0 million for the quarter. At the end of Expedia Group Inc.’s most recent quarter ended June 29, its liabilities totaled 22.46 billion, while its total debt was $6.55 billion. Equity owned by shareholders amounts to $143.37 million.
Technical Picture
Here’s a quick look at Expedia Group Inc.’s (EXPE) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.36%, suggesting the stock is Neutral, with a 29.08% historical volatility rate.
The stochastic %K and %D were 27.88% and 35.96% respectively, while the average true range (ATR) was 2.90. Based on the 14-day stochastic reading of 13.22%, the RSI (14) reading is 40.64%. On the 9-day MACD Oscillator, the stock is at -1.44, and the 14-day reading is at -2.12.
Analyst Ratings
In its analyst report released on July 31, 2023, Melius began covering Expedia Group Inc. (NASDAQ: EXPE). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Expedia Group Inc. (EXPE) an Overweight rating. EXPE is a stock that is recommended for selling by 2 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 14 others recommend it as a buy.
What is EXPE’s price target for the next 12 months?
The current consensus forecast for the stock is between $90.00 and $200.00, with a median target price of $119.00. In analyzing these forecasts, the average price target given by analysts for Expedia Group Inc. (EXPE) is $124.69.
