Recent updates surrounding Expedia Group, Inc. (NASDAQ:EXPE) reveal a multifaceted picture of its performance and outlook. Spire Wealth Management shrank its stake in the company as the stock reduced by 11% this year and seemed to waver after Q1 results. Despite post-earnings dips and the lowering of its guidance due to Vrbo's weakness, Expedia's stock saw new acquisitions by firms like Truist Financial Corp and International Assets Investment Management. It also enjoyed an 8.2% increase in a trading session, signalling positive sentiment.
However, uncertainty lingered as Expedia was deemed overbought and multiple price targets got lowered by analysts from Susquehanna, Barclays, HSBC, and TD Cowen. Mixed Q4 results and a CEO change announcement added to apprehensions, although certain analysts view Expedia as undervalued. Some key metrics were reported favourably ahead of Q1 earnings, and improved travel bookings have also helped the stock rise.
Wells Fargo trimmed the company's price target citing weaker bookings. Still, Goldman Sachs considers Expedia a top stock to watch, and Piper Sandler downgraded the stock's rating. Finally, the Group's stock made significant leaps after it announced record revenue and a stock buyback initiative.
Expedia Stocks EXPE News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 12 May 2024 10:56:05 GMT - Rating -2 - Innovation -3 - Information 4 - Rumor 0
