Expedia Group Inc.'s stock (
EXPE) has demonstrated considerable resilience, gaining 24% this year despite continued global travel challenges caused by the Covid-19 pandemic. The company’s
One Key Program initiatives, designed to streamline traveler experience and deliver higher value to its partners, has been a significant contributor to the stock price surge.
Principal Financial Group Inc and
Franklin Resources Inc have reportedly decreased their stakes in the company, while
Toronto Dominion Bank and
Kovitz Investment Group Partners LLC have increased their holdings. Following Expedia’s mixed Q3 results, several
analysts have upgraded their rating of the company, citing improving U.S. travel trends and better-than-expected earnings as some of the reasons. However, the company is also facing challenging headwinds, including a decrease in its full-year outlook and major sales targets missed in Q3. There is also speculation that
Uber is considering an acquisition of the travel company. Despite these uncertainties, Expedia stock has soared 34% YTD, and
Zacks Investment Management has invested $559,000 in the company.
Expedia Stocks EXPE News Analytics from Thu, 02 May 2024 07:00:00 GMT to Fri, 27 Dec 2024 08:26:58 GMT -
Rating 6
- Innovation 2
- Information 5
- Rumor 2
