Redwood Investment Management made a significant investment in
Expedia Group, Inc. (NASDAQ:EXPE). The travel stocks, including Expedia, are expected to surge amid the industry's recovery. The company's recent earnings might only be a stepping stone to further growth. Expedia has started receiving coverage from Baird with an outperform recommendation, and the
IBD stock rating for the company has also been upgraded.
Captrust Financial Advisors and
Alkeon Capital Management LLC have increased their stock holdings in Expedia, while
Investment Management Corp of Ontario and
Principal Financial Group Inc. have decreased their shares. The recent surge in the company's stock can be traced back to Expedia’s ‘One Key’ Program. The company's robust Q3 earnings beat estimates, and revenue grew Y/Y. Reports of acquisition interest by Uber also sent the stock soaring. However, some insiders have sold significant portions of stock, potentially indicating weakness. Expedia also welcomed
Ramana Thumu as Chief Technology Officer.
Expedia Stocks EXPE News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 07 Dec 2024 10:34:30 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -2
