Expedia Group (EXPE)

• Market cap: $23.7B
• 1 day: 2.98%
• 5 days: 1.86%
• 1 month: 3.15%
• 3 months: 28.26%
• 6 months: 47.23%
• Year to date: 24.19%
• 1 year: 24.44%
• 5 years: 67.83%
• 10 years: 106.82%
• Sector: Industrials
• Industry: Transportation Services

About: Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.

Employees: 17,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more capital invested

Capital invested by funds: $15.2B [Q2] → $17.1B (+$1.91B) [Q3]

1% more funds holding

Funds holding: 764 [Q2] → 773 (+9) [Q3]

9% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 96

0% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]

2.35% less ownership

Funds ownership: 95.27% [Q2] → 92.92% (-2.35%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 260 | Existing positions reduced: 302

22% less call options, than puts

Call options by funds: $422M | Put options by funds: $542M

Research analyst outlook

16 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $130 30% downside
• Avg. target: $180 3% downside
• High target: $225 22% upside

16 analyst ratings

• positive: 5 31%
• neutral: 11 69%
• negative: 0 0%

B of A Securities Justin Post 67% 1-year accuracy 10 / 15 met price target	20% upside $221	Buy Upgraded	18 Dec 2024
Baird Michael Bellisario 82% 1-year accuracy 14 / 17 met price target	22% upside $225	Outperform Initiated	27 Nov 2024
Morgan Stanley Brian Nowak 81% 1-year accuracy 21 / 26 met price target	3% downside $180	Equal-Weight Maintained	22 Nov 2024
DA Davidson Tom White 48% 1-year accuracy 11 / 23 met price target	3% upside $190	Neutral Maintained	18 Nov 2024
Susquehanna Shyam Patil 79% 1-year accuracy 45 / 57 met price target	3% upside $190	Neutral Maintained	11 Nov 2024