The recent market activities surrounding Expedia Group, Inc. (NASDAQ:EXPE) has seen various financial groups and stakeholders adjusting their positions. Entities like Bleakley Financial Group LLC, State Board of Administration of Florida Retirement System, Mitsubishi UFJ Asset Management Co. Ltd, First Trust Direct Indexing L.P and LSV Asset Management have increased their stakes in Expedia. On the other hand, ProShare Advisors LLC, Mutual of America Capital Management LLC, Illinois Municipal Retirement Fund, and State of Michigan Retirement System sold shares in Expedia.
Recorded changes in Expedia's stock price have sparked concern, with a decline of 11% witnessed this year and dropping double digits in recent times. Notable challenges facing Expedia include Vrbo weakness which led to a downward revision of its guidance and an unexpected change in CEO leadership. However, despite a falling share price and an outlook considered bleak by some analysts, other experts see a potential rally and undervaluation, indicative of the potential for recovery. This fluctuation is further influenced by the recent global return to travel and shifts in consumer behavior, which has shown a preference for experiences over material possessions.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sat, 20 Jul 2024 14:59:25 GMT - Rating -2 - Innovation -3 - Information 3 - Rumor -2
