Expedia Group Inc. ($EXPE) Stock Forecast: Up 10.2% Today

What is Expedia Group Inc.?

Expedia Group Inc. (EXPE) is an online travel company known for providing travel services for both leisure and business travelers under various brand names such as Expedia, Vrbo, and Hotels.com. Today, the market witnessed a significant bullish movement in EXPE stock.

Why is Expedia Group Inc. going up?

EXPE stock is up 10.2% on Aug 9, 2024 18:06

• EXPE stock saw a notable 9% increase subsequent to the Q2 2024 report release, exceeding market projections and demonstrating resilient financial performance.
• Analysts specifically lauded Vrbo's performance within Expedia, highlighting substantial growth in strategic business collaborations that likely contributed to the optimistic market outlook.
• The favorable market sentiment towards online travel firms like Expedia, combined with strong quarterly results, drove EXPE's stock price higher.
• Expedia's strong earnings report, alongside the prevailing bullish market momentum, spurred an unexpected 13% surge in the stock, indicating investor confidence in the company's future outlook.

EXPE Price Chart

EXPE News

Expedia (EXPE): A few points to note from the Q2 2024 report

Shares of Expedia Group, Inc. (NASDAQ: EXPE) climbed over 9% on Friday. The stock has gained 14% in the past three months. The online travel company’s top and bottom line […] The post Expedia (EXPE): A few points to note from the Q2 2024 report first appeared on AlphaStreet .

https://news.alphastreet.com/expedia-expe-a-few-points-to-note-from-the-q2-2024-report/

Trade Desk, Expedia rise; Capri Holdings, Five9 fall, Friday, 8/9/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: The Trade Desk Inc. (TTD), up $8.09 to $96.36. The digital-advertising platform beat Wall Street’s second-quarter earnings forecasts. Take-Two Interactive Software Inc. (TTWO), up $3.75 to $142.54. The publisher of “Grand Theft Auto” and other video games beat analysts’ fiscal first-quarter earnings forecasts. Expedia Group Inc. (EXPE), up $11.41 to $129.38. The online travel company’s second-quarter financial results beat Wall Street forecasts. Akamai Technologies Inc. (AKAM), up $9.56 to $101.13. The cloud services provider beat analysts’ second-quarter earnings and revenue forecasts. Pitney Bowes Inc. (PBI), up 66 cents to $6.34. The mailing equipment and software company beat analysts’ second-quarter earnings forecasts. Doximity Inc. (DOCS), up $8.20 to $33.86. The medical social networking site raised its revenue forecast for the fiscal year. Carpi Holdings Ltd. (CPRI), down $1.27 to $30.83. The owner of Michael Kors and Versace reported fiscal first-quarter earnings that were far short of analysts’ forecasts.

https://www.kaaltv.com/news/business-news/trade-desk-expedia-rise-capri-holdings-five9-fall-friday-8-9-2024/

Expedia Posts Upbeat Earnings, Joins Akamai Technologies, Trade Desk, DXC Technology And Other Big Stocks Moving Higher On Friday - Expedia Group ( NASDAQ:EXPE )

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday. Shares of Expedia Group, Inc. EXPE rose sharply during Friday's session after the company reported better-than-expected second-quarter financial results.

https://www.benzinga.com/news/24/08/40290461/expedia-posts-upbeat-earnings-joins-akamai-technologies-trade-desk-dxc-technology-and-other-big-stoc

What''s Driving Expedia Group Inc''s Surprising 13% Stock Rally?

What''s Driving Expedia Group Inc''s Surprising 13% Stock Rally?

https://www.gurufocus.com/news/2499160/whats-driving-expedia-group-incs-surprising-13-stock-rally

Expedia's Q2 Triumph: Analysts Highlight Vrbo As 'Bright Spot,' Praise Growth In Business Partnerships - Expedia Group ( NASDAQ:EXPE )

Shares of Expedia Group Inc EXPE skyrocketed in early trading on Friday, after the company reported upbeat second-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways. Analyst Eric Sheridan maintained a Buy rating, while raising the price ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40288024/expedias-q2-triumph-analysts-highlight-vrbo-as-bright-spot-praise-growth-in-busines

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Expedia Group Inc. Price History

11.01.2024 - EXPE Stock was down 17.7%

• Massachusetts Financial Services Co. decreased its position in EXPE, indicating a lack of confidence in the stock.
• Expedia faces a significant threat from search engines, particularly Google, which could have impacted investor sentiment.
• The stock market as a whole saw tech stocks lift the Nasdaq, but EXPE experienced a significant drop of 18% due to a warning about softening air fares affecting future revenue growth.
• The expectation of slower revenue growth rates in 2024, coupled with the impact of post-pandemic air fare softening, led to a sharp decline in EXPE shares.

11.01.2024 - EXPE Stock was down 17.7%

• Massachusetts Financial Services Co. decreased its position in Expedia Group, Inc., indicating a decrease in investor confidence.
• Expedia disclosed a new risk from search engines, particularly Google, which could impact its business.
• The overall market, including the Technology Sector, experienced positive movement, but Expedia's stock dropped significantly.
• Expedia's revenue growth rates are expected to moderate due to softening air fares, leading to a decline in stock price.

03.04.2024 - EXPE Stock was down 13.0%

• Expedia's stock (EXPE) took a significant downward turn for the day due to the following factors:
• The company provided guidance below expectations for the full year, resulting in downgrades by analysts and reductions in price targets.
• Weak performance from Vrbo, a key brand of Expedia, played a role in the revised guidance and subsequent stock decline.
• Despite a rise in revenue and achieving a net profit in Q1 on an adjusted basis, apprehensions about future prospects led to investor worries and a notable decrease in the stock value.

12.01.2024 - EXPE Stock was down 17.7%

• The downward movement in EXPE today can be attributed to several factors:
• 1. An increase in Expedia's share price target by a prominent financial firm, which raised expectations among investors and may have prompted some to take profits.
• 2. A reduction in Expedia Group's position by Massachusetts Financial Services Co., possibly indicating a lack of confidence in the company's future prospects.
• 3. The emergence of a new risk for Expedia, namely competition from search engines like Google, which could have sparked concerns about the company's ability to thrive in the online travel market.
• 4. The positive trend in the overall market, with the S&P 500 and tech stocks performing well, potentially leading investors to reallocate their investments away from Expedia and towards other opportunities in the technology sector.
• In summary, the decline in EXPE today can be attributed to profit-taking, reduced investor confidence, concerns about competition, and a shift in market sentiment towards other tech stocks.

03.04.2024 - EXPE Stock was down 13.9%

• Shares of Expedia dropped by 14%, reaching a 5-month low following a disappointing Q1 performance and a reduced revenue forecast, sparking worries among investors about the company's financial health.
• The unsatisfactory first-quarter results and revised annual guidance were linked to sluggish growth in Expedia's vacation rental division, highlighting operational hurdles in a critical sector.
• Comparisons with Booking Holdings exceeding Q1 projections emphasized Expedia's weaker performance, possibly prompting investors to favor competitors with stronger financial outcomes.
• In general, the market responded negatively to Expedia's subpar performance and updated forecasts, resulting in a notable stock price decrease as investors reevaluated the company's potential for growth in the online travel field.

16.06.2024 - EXPE Stock was up 5.5%

• Collaboration with Wells Fargo and Mastercard to launch new co-branded credit cards has likely boosted investor confidence in Expedia Group.
• Introduction of the One Key credit cards aimed at aiding U.S. travelers could signal potential revenue growth for Expedia.
• Overall optimism in the travel industry, with projections of a record-breaking year for travel and tourism, has likely contributed to the bullish movement in Expedia's stock price.
• Announcement of the co-branded cards with Wells Fargo further solidifies Expedia's position in the market and may attract more customers, leading to increased revenue and positive market sentiment.

24.06.2024 - EXPE Stock was down 5.2%

• The recent unusual options activity showing a bullish stance contradicts the bearish movement in the stock today, indicating a potential disconnect between investor sentiment and market performance.
• The approval of Expedia Group as Ryanair's latest OTA could have initially boosted investor confidence, but the bearish movement suggests that other factors are currently influencing the stock.
• Despite outperforming the market over the past 15 years, the current market conditions or specific company-related news might be driving the bearish movement in Expedia Group's stock today.
• The discrepancy between the long-term success of the company and the short-term market movement could be attributed to profit-taking, market volatility, or broader economic factors impacting the travel industry.

02.07.2024 - EXPE Stock was down 5.0%

• The recent decrease in Expedia Group's short interest could indicate a lack of confidence in the stock's performance, potentially contributing to the bearish movement.
• Expectations of lower earnings growth for Expedia might have disappointed investors, leading to a sell-off of the stock.
• The mention of Expedia Group in the context of a past software issue, alongside other companies like Amazon, could have raised concerns about the company's operational reliability, impacting investor sentiment and contributing to the bearish movement.
• Overall, the combination of reduced short interest, earnings concerns, and past operational issues may have collectively influenced the bearish market movement of Expedia Group's stock.

09.07.2024 - EXPE Stock was up 10.2%

• Expedia's stock (EXPE) experienced a strong bullish movement following the release of upbeat second-quarter earnings, surpassing analysts' expectations.
• Analysts highlighted Vrbo as a standout performer and praised the growth in business partnerships, contributing to the positive sentiment surrounding the stock.
• The positive earnings report from Expedia contrasted with concerns raised by investment strategist Tim Urbanowicz about a potential slowdown in consumer spending, as seen in warnings from companies like Amazon and Airbnb.
• Despite the overall fragile market sentiment and exhaustion from a volatile trading week, Expedia's solid performance and positive analyst outlook helped drive the bullish movement in its stock.

06.07.2024 - EXPE Stock was up 5.0%

• The upcoming Q2 earnings for Expedia Group are expected to demonstrate positive results, supported by growth in various business segments like B2B, Brand Expedia, and advertising.
• Analysts' forecasts for key metrics point towards a promising performance for Expedia in the second quarter, implying potential growth and success for the company.
• The decline in short interest for Expedia Group indicates a more optimistic sentiment among investors, potentially fueling the bullish movement in the stock.
• The reference to Expedia in the Value Trader article and its inclusion in the screening for value and growth stocks utilizing the PEG ratio further underscore the company's strong market position, piquing investor interest and boosting the stock price.

09.07.2024 - EXPE Stock was up 10.1%

• EXPE posted revenues of $3.6 billion in the second quarter of 2024, reflecting a 6% year-over-year increase. This positive financial performance likely bolstered investor confidence in the company.
• Despite concerns about demand, Expedia's shares surged on the back of strong earnings results, indicating that investors were more focused on the company's exceeding profit expectations.
• Amid a fragile market sentiment and lingering volatility, EXPE's performance stood out as its stock displayed a bullish trend, potentially driven by surpassing earnings projections.
• The uptick in EXPE's stock price may also be influenced by a broader market trend of stocks rebounding from recent setbacks, with investors keen on companies exhibiting resilience and growth prospects.

09.07.2024 - EXPE Stock was up 10.2%

• EXPE stock saw a notable 9% increase subsequent to the Q2 2024 report release, exceeding market projections and demonstrating resilient financial performance.
• Analysts specifically lauded Vrbo's performance within Expedia, highlighting substantial growth in strategic business collaborations that likely contributed to the optimistic market outlook.
• The favorable market sentiment towards online travel firms like Expedia, combined with strong quarterly results, drove EXPE's stock price higher.
• Expedia's strong earnings report, alongside the prevailing bullish market momentum, spurred an unexpected 13% surge in the stock, indicating investor confidence in the company's future outlook.