TickerBrief

EXPE · Expedia Group, Inc.

Expedia Group Inc EXPE

Operates online travel booking platforms including Expedia, Hotels.com, and Vrbo.

Industry
Hotels, Restaurants & Leisure
Listed on
Nasdaq NMS
IPO
2005-07-20
Website
expediagroup.com

Daily brief

Expedia falls after Morgan Stanley downgrade on weaker consumer exposure

-2.08% to $286.97 from $293.08

What moved EXPE

  • Morgan Stanley downgraded Expedia to Underweight from Equal-weight and set a $235 price target.
  • Analysts said Expedia’s valuation discount to Booking Holdings has narrowed too far given the company’s greater exposure to chain hotels, air travel and a potentially weaker consumer.
  • The bank noted Expedia’s monthly active user growth slowed to 0% in the second quarter, versus 6% growth at Booking.com and 10% at Airbnb over the same period.

Sources: Tradingpedia · CNBC · Investing.com

Daily brief

Expedia climbs as BTIG lifts price target to $400

-0.34% to $337.97 from $339.13

What moved EXPE

  • BTIG Research raised its price target on Expedia to $400 from $350 while reiterating a buy rating.
  • The move followed Evercore ISI’s price-target increase to $430 from $375, a Street-high target, with the firm reiterating an outperform rating.

Sources: MarketBeat · CNBC

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