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Evercore ISI Reaffirms Their Hold Rating on Expedia (EXPE)

In a report issued on February 11, Mark Mahaney from Evercore ISI maintained a Hold rating on Expedia (EXPEResearch Report), with a price target of $238.00. The company’s shares closed last Friday at $192.12.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 38.6% and a 59.2% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Integral Ad Science.

Expedia has an analyst consensus of Moderate Buy, with a price target consensus of $218.68, representing a 4.6% upside. In a report issued on February 11, Stifel Nicolaus also reiterated a Hold rating on the stock with a $215.00 price target.

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Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.28 billion and net profit of $386 million. In comparison, last year the company earned revenue of $920 million and had a GAAP net loss of $383 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year. Most recently, in November 2021, Robert Dzielak, the Chief Legal Officer & Sec’y of EXPE sold 70,000 shares for a total of $13,125,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

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