Monthly Stock Report: Expedia Group, Inc. (EXPE)
Publication Date: September 22, 2024
Company Overview
Expedia Group, Inc. (NASDAQ: EXPE), based in Seattle, Washington, stands out as a leader in the online travel services industry. The company operates through multiple segments, including the B2C (Business to Consumer) platforms, which feature well-known names such as Brand Expedia, Hotels.com, and Vrbo. Additionally, its B2B (Business to Business) offerings empower airlines and corporate travel entities with advanced technology and resources. The trivago segment enhances user experiences by connecting travelers with hotel metasearch capabilities. Classified within the Consumer Cyclical sector, specifically under the Hotels, Resorts & Cruise Lines sub-industry, Expedia is positioned for resilient performance in a market that is currently stabilized, with a recommended hold for investments.
Key Financial Metrics
Expedia reported a noteworthy total revenue of approximately $13.26 billion, reflecting a solid financial foundation despite the typical volatility in the travel sector. The stock is currently trading at $144.04, well within its historical price range, which has seen a high of $160.05 and a low of $92.48 over the past year. Analysts project a target high price of $200.00, indicating significant growth potential, with a target mean price of $148.24 suggesting a moderate uptick may be on the horizon. While the EBITDA figures remain unavailable, the stock’s revenue stream indicates promising growth prospects.
Market Sentiment and Investment Outlook
Expedia has 124,656,000 shares outstanding, with 6,779,813 shares reported short, translating to approximately 6.25% of the company’s float. This elevated short interest may signal bearish sentiment among some investors regarding the company’s future trajectory or prevailing market conditions. The consensus among analysts, derived from 30 evaluations, rests at a mean recommendation score of 2.6, advocating a hold strategy. This underscores a cautious optimism regarding the stock’s performance, allowing investors time to assess market trends before committing new capital.
In conclusion, Expedia Group, Inc. appears to maintain a stable position within the travel services industry with an optimistic outlook despite current market fluctuations. Investors are advised to consider these insights before making decisions but should proceed with caution in this dynamic landscape.
| Metric | Value |
|---|---|
| Market Cap | $18.8b |
| Total Debt | $6.6b |
| Total Cash | $6.3b |
| Shares Outstanding | 124.7m |
| Float Shares | 123.4m |
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