{
}
Ryan Cohen took over as CEO in September 2023, with significant shareholder support, but the marketplace closed to trading by early February 2024. Major indexes fell amid economic concerns, with the S&P 500 down 0.9% and only the energy sector gaining. Palantir's impressive earnings boosted its stock, while TSMC maintained a positive outlook despite earthquake-related losses. GameStop shares rose after Cohen's tweet with Michael Saylor, sparking speculation about potential investments in Bitcoin.
Deutsche Bank has lowered its price target for Expedia Group, Inc. to $184 from $192 while maintaining a hold rating. Expedia operates as a leading online travel agency, focusing on cultural and leisure activity sales, tourist travel services, and hotel price comparisons, with the U.S. representing 63.5% of its net sales.
CoinShares predicts a significant rise in Bitcoin yield solutions by 2025, driven by corporate finance's growing adoption of Bitcoin as a treasury asset. The firm identifies three main yield types: growth of Bitcoin holdings, yield farming through lending, and income generation via derivatives. Increased acceptance of cryptocurrency payments by major companies is expected to bolster Bitcoin treasury reserves, with firms like Ferrari and retailers such as AT&T and Whole Foods leading the way.
Expedia Group currently holds a consensus rating of "Hold" with a target price of $167.67. Recent insider transactions include CAO Lance A. Soliday selling 7,000 shares at $181.99 and Director Dara Khosrowshahi selling 10,000 shares at $150.21, reflecting a decrease in their holdings. Institutional investors own 90.76% of the company, which has a market cap of $23.75 billion and a PE ratio of 23.81.
Expedia Group Inc. reported a 3% revenue increase to $4.1 billion and a 7% rise in gross bookings to $27.5 billion for Q3 2024, despite macroeconomic challenges. The company raised its full-year guidance, anticipating 6% revenue growth and improved EBITDA margins, while DA Davidson and Mizuho adjusted their price targets to $190 and $165, respectively, reflecting positive market reactions.
IAC is considering a spinoff of Angi, its home improvement marketplace, which connects consumers with local service providers. The company, which owns 85% of Angi, noted that the spinoff could enhance shareholder value, although no specific timeline has been set. Angi's revenue fell 16% year over year to $296.7 million, attributed to reduced marketing spend, but it remains profitable with earnings of 7 cents per share.
Expedia Group, Inc. is a leading online travel agency, operating in three main areas: providing information on cultural and leisure activities through Tripadvisor.com, selling tourist travel services via platforms like expedia.com and hotels.com, and managing an online hotel price comparison site, Trivago. The United States represents 63.5% of the company's net sales.
Expedia Group, Inc. is a leading online travel agency, operating in three main areas: providing information on cultural and leisure activities through Tripadvisor.com, selling travel services like airline tickets and hotel bookings via platforms such as expedia.com and hotels.com, and managing the hotel price comparison site Trivago. The United States represents 63.5% of the company's net sales.
Expedia Group Inc. reported stronger-than-expected gross bookings of $27.5 billion for the third quarter, surpassing Wall Street's estimate of $26.7 billion. The company also raised its full-year guidance, indicating robust demand as customers booked 97.4 million nights across its platforms, exceeding analysts' projections.
Expedia's share price dropped by 2.58% to €145.72, yet UBS has raised its price target from $137 to $156, maintaining a neutral assessment. With a market capitalization of €18.3 billion and a P/E ratio of 13.50 for 2024, analysts suggest potential undervaluation, urging shareholders to consider their next moves.
Expedia Group, Inc.
Companies
| Symbol | EXPE |
| Name | Expedia Group, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Consumer Services |
| Industry | Hotels, Restaurants & Leisure |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Seattle |
| Zipcode | 98119 |
| Website | http://www.expediagroup.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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