With a market cap of $24.3 billion, Expedia Group, Inc. (EXPE) is a leading online travel company, empowering travelers worldwide with technology-driven tools to research, plan, and book travel efficiently. The Seattle, Washington-based company offers a comprehensive portfolio of travel brands, including Expedia.com, Hotels.com, Vrbo, and trivago, catering to a wide range of travel needs.

Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and  Expedia Group fits this criterion perfectly. Operating through B2C, B2B, and metasearch segments, Expedia connects travelers with accommodations, airlines, rental cars, cruises, and more across the globe. With innovative solutions like loyalty programs, mobile apps, and advertising services, the company delivers exceptional value to both travelers and travel suppliers.

However, the online travel company is down 1.4% from its 52-week high of $192.34, achieved on Dec. 9. In addition, shares of EXPE have returned 28.2% over the past three months, outperforming the broader Nasdaq Composite's ($NASX) 10.8% gain over the same time frame.

Longer term, EXPE is up 48% over the past six months, outpacing NASX's 14.5% gains. Nevertheless, shares of Expedia have gained 22.1% over the past 52 weeks, lagging behind NASX's 33.6% return over the same time frame.

EXPE has been trading above its 50-day and 200-day moving averages since June despite some fluctuations.

Despite reporting weaker-than-expected Q3 revenue of $4.1 billion on Nov. 7, shares of Expedia rose 3.8% the next day due to positive investor sentiment surrounding its adjusted EPS of $6.13 surpassing estimates. The company also provided optimistic guidance for Q4 2024, projecting gross bookings growth in the 6% - 8% range, driven by improvements in its air business. Strong growth in high-margin segments, such as advertising revenues, which increased by 32%, and robust performance in its B2B business with an 18% revenue rise, further buoyed investor confidence. The company’s ongoing debt reduction efforts and commitment to returning value to shareholders through its $3.2 billion share repurchase authorization contributed to the positive market response.

Nevertheless, in comparison, rival Booking Holdings Inc. (BKNG) underperformed EXPE over the past six months, gaining 28.7%. But, Shares of Booking Holdings have surged 44.9% over the past 52 weeks, outpacing EXPE.

Despite EXPE’s strong price action over the past six months, analysts remain cautiously optimistic about its prospects. Among the 32 analysts covering the stock, there is a consensus rating of “Moderate Buy,” and it is currently trading above the mean price target of $184.