Expedia Group shares have experienced fluctuating fortunes, facing both a downturn and significant successes. Notably, high-profile shareholder transactions include the Kentucky Teachers Retirement System trimming its holdings, Campbell Capital Management purchasing 28,000 shares, while Alaska Permanent Fund Corp took a $905,000 position. However, Vanguard Group and several other stakeholders have reportedly reduced their holdings of Expedia Group shares. Despite the Q1 earnings confidence, Expedia's stock took a hit from some volume weaknesses with Vrbo leading the company to lower guidance. Other factors also have caused turbulence, including a sudden CEO change and declining bookings. Some volatility could be attributed to shifting consumer trends, focusing more on experiences than material items. Interestingly, the company's stock went up significantly after beating the Q2 earnings estimates.
Revenue forecasts, however, were trimmed due to vacation rental weaknesses. While some investments and sales were being made, the overall consensus among analysts is a 'Hold' rating. Facing increased uncertainty heading into the future, investors brave enough to hold onto their stocks might be lavishly rewarded if projected resiliency and bouncebacks materialize.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sat, 22 Jun 2024 13:14:46 GMT -
Rating 0
- Innovation -5
- Information 5
- Rumor -5
