Citi Reiterates Neutral Rating on Expedia (EXPE), '4Q23 results were mixed'

BofA Securities Downgrades Expedia (EXPE) to Neutral, 'We see a few new overhangs'

February 9, 2024 6:07 AM EST

(Updated - February 9, 2024 7:52 AM EST)

BofA Securities analyst Justin Post downgraded Expedia (NASDAQ: EXPE) from Buy to Neutral with a price target of $156.00 (from $181.00).

The analyst comments "4Q bookings at $21.7bn were below Street at $22.2bn, with pressure on airline & Vrbo bookings. Revenue at $2.9bn slightly beat on lodging mix driving higher take... More

Expedia (EXPE) PT Lowered to $144 at UBS

February 9, 2024 5:40 AM EST

UBS analyst Lloyd Walmsley lowered the price target on Expedia (NASDAQ: EXPE) to $144.00 (from $151.00) while maintaining a Neutral rating.... More

Expedia (EXPE) PT Raised to $150 at Morgan Stanley

February 9, 2024 4:24 AM EST

Morgan Stanley analyst Brian Nowak raised the price target on Expedia (NASDAQ: EXPE) to $150.00 (from $135.00) while maintaining a Equalweight rating.... More

Expedia (EXPE) PT Raised to $152 at DA Davidson

February 9, 2024 4:20 AM EST

DA Davidson analyst Tom White raised the price target on Expedia (NASDAQ: EXPE) to $152.00 (from $125.00) while maintaining a Neutral rating.... More

Expedia (EXPE) PT Raised to $195 at Goldman Sachs

February 9, 2024 4:14 AM EST

Goldman Sachs analyst Eric Sheridan raised the price target on Expedia (NASDAQ: EXPE) to $195.00 (from $190.00) while maintaining a Buy rating.... More

Expedia (EXPE) PT Raised to $158 at Barclays

February 9, 2024 3:41 AM EST

Barclays analyst Ross Sandler raised the price target on Expedia (NASDAQ: EXPE) to $158.00 (from $150.00) while maintaining a Equalweight rating.... More

Expedia (EXPE) PT Lowered to $190 at Evercore ISI

February 9, 2024 3:41 AM EST

Evercore ISI analyst Mark Mahaney lowered the price target on Expedia (NASDAQ: EXPE) to $190.00 (from $200.00) while maintaining a Outperform rating.... More

After-hours movers: Cloudflare gains; Pinterest and Expedia sink

February 8, 2024 4:55 PM EST

After-Hours Stock Movers:

Pinterest (NYSE: PINS) declined 15% after reporting fourth quarter revenue that trailed estimates. Monthly active users were strong but average revenue per user was weaker than thought.

Expedia (NASDAQ: EXPE) declined... More

Expedia's (EXPE) stock tumbles 12% on worse-than-expected gross bookings and FCF

February 8, 2024 4:13 PM EST

(Updated - February 9, 2024 12:47 PM EST)

Expedia (NASDAQ: EXPE) reported better-than-expected FQ4 earnings and revenue but missed expectations for gross bookings and free cash flow.

The stock plummeted 12% in after-hours trading Thursday.

For the fourth quarter, the travel technology company posted earnings per share (EPS) of $1.72, topping the consensus estimate of $1.67. The company's revenue came in at $2.89 billion, slightly surpassing the projected $2.87 billion.

Expedia generated $1.96 billion in retail revenue, marking a 4.5% year-over-year increase, although it fell short of the expected $2.01 billion. Meanwhile, its business-to-business (B2B) segment saw a substantial 28% YoY growth,... More

Expedia CEO resigns, shares slump on air travel softness

February 8, 2024 4:05 PM EST

By Nathan Gomes and Doyinsola Oladipo

(Reuters) - Expedia on Thursday warned that revenue in 2024 would moderate as air ticket prices drop, and said CEO Peter Kern was stepping down and would be succeeded by an insider.

The company's shares, which have gained over 60% since November, slid more than 12% in extended trading and dragged down those of peers Booking Holdings and Airbnb after Expedia sounded some concern about moderating bookings.

Revenue from air travel was under pressure from a fall in average ticket prices, Chief Financial Officer Julie Whalen said on a post-earnings call.

The... More

Expedia (EXPE) Announces CEO Change

February 8, 2024 4:01 PM EST

Expedia Group (NASDAQ: EXPE) today announced the appointment of Ariane Gorin as Expedia Groups CEO, effective as of May 13, 2024. Ms. Gorin will succeed Peter Kern, who has served as the Companys CEO since 2020. After completing his contract as CEO, Mr. Kern will continue to serve as the Companys Vice Chairman and member of the Board of Directors, working closely with Ms. Gorin to ensure a smooth transition. Ms. Gorin has also been elected to serve on the Companys Board of Directors.

Ms. Gorin has held various executive roles at Expedia Group... More