Expedia Group (EXPE) Today: Google AI Partnership, Dividend Deadline and Analyst Upgrades

Published: November 17, 2025

Expedia Group, Inc. (NASDAQ: EXPE) is in the spotlight today as investors digest a potent mix of news: a high‑profile partnership with Google’s new AI travel experience, a looming dividend deadline, fresh analyst price‑target hikes and big moves by institutional shareholders. At the same time, the stock is trading lower intraday as markets reassess what AI‑driven travel search means for online travel agencies.

Key takeaways for Expedia Group on November 17, 2025

Google names Expedia as a launch partner for future flight and hotel bookings inside its new AI Mode travel planning experience in Search. ^[1]
EXPE shares are down intraday, with a roughly $5 drop to about $259.66 during midday trading, as Google’s AI travel search tools pressure online travel stocks. ^[2]
Analysts continue to turn more bullish: DA Davidson raises its price target to $294 and Fintel/Nasdaq lifts the average 12‑month target for EXPE to $272.16 in the U.S. and €235.08 on the Italian listing. ^[3]
Institutional investors are active: Intech Investment Management and Westpac Banking Corp increased positions, while Candriam S.C.A. trimmed its stake; around 90.8% of the float is held by institutions. ^[4]
Dividend countdown: Expedia’s $0.40 per‑share quarterly dividend goes ex‑dividend on November 19, 2025, with payment scheduled for December 11, 2025. ^[5]
Q3 2025 earnings remain the backbone of the bull case, with double‑digit growth in bookings and strong B2B momentum across the travel sector. ^[6]

Google’s new AI travel experience lifts Expedia — and rattles investors

The biggest strategic headline today comes from Google’s own product blog. In a post titled “New ways to plan travel with AI in Search”, Google introduced a suite of AI‑powered travel tools built into its experimental AI Mode, including itinerary planning via a Canvas workspace, AI‑driven “Flight Deals,” and upcoming “agentic” capabilities that will take travelers all the way from inspiration to booking. ^[7]

Crucially for Expedia, Google says that future versions of AI Mode will let users complete flight and hotel bookings directly in the AI interface. To make that possible, Google is working with industry partners including Booking.com, Expedia, IHG, Marriott and Wyndham, among others. ^[8]

For Expedia, being named among this first wave of partners is strategically significant:

It positions the company at the heart of AI‑driven trip planning rather than leaving it on the sidelines of search disruption.
It reinforces Expedia’s B2B distribution strategy, where its platform and inventory power bookings for third‑party channels as well as its own brands.
It aligns with broader industry trends highlighted in a new Research and Markets report, which singles out “AI travel assistants” and strategic partnerships as key growth drivers for online travel agents over the next decade. ^[9]

However, the same news is also putting pressure on the stock today. A Seeking Alpha market update notes that Google’s AI‑fuelled travel search initiative has sent online travel stocks “into the red,” including Expedia, Booking Holdings and Trip.com, as investors weigh the risk that AI‑driven search could shift bargaining power toward Google over time. ^[10]

Expedia stock today: intraday decline amid AI jitters

By midday, Expedia shares were down about $5 to $259.66, according to a GuruFocus alert, which framed the move as part of “broader market fluctuations” but also highlighted rich valuation and heightened volatility. ^[11]

That same data snapshot points to:

Market cap of roughly $30.9 billion
P/E ratio around 24x, with a P/S ratio of 2.3x and P/B of 23.2x, close to historical highs
14‑day RSI near 68, suggesting the stock is flirting with overbought territory
Beta above 2, underlining that EXPE tends to move more than the broader market, both up and down ^[12]

At the same time, several indicators of underlying business quality are strong in that GuruFocus analysis: an elevated Piotroski F‑Score of 9, healthy revenue growth and robust gross margins near 90%. ^[13]

Today’s pullback, in other words, looks more like the market recalibrating Expedia’s near‑term risk/reward as AI reshapes discovery and booking, rather than a reversal of the fundamental story.

Analyst sentiment: price targets jump after strong Q3

Despite the volatility, Wall Street’s overall stance on Expedia remains constructive and is getting incrementally more bullish.

DA Davidson: target up to $294

In a note published this morning, DA Davidson raised its price target on EXPE to $294 from $218, reiterating a Buyrating. The firm cites a “broad‑based pickup” in Expedia’s business during Q3 and lifts its 2026 revenue estimate by 3%, while also increasing its 2026 adjusted EBITDA forecast from $3.46 billion to $3.72 billion. ^[14]

The new target implies:

A valuation of roughly 10.5x DA Davidson’s 2026 EBITDA estimate, and
Upside from the stock’s recent level (around $262 per share at the time of the note). ^[15]

DA Davidson’s upgrade adds to a wave of target hikes from other firms in recent days:

Mizuho boosting its target to $270
BMO Capital lifting to $250
Susquehanna moving to $265, pointing to solid B2B and B2C performance
RBC Capital raising its target to $260, highlighting 11% room‑night growth in Q3, which outpaced rivals like Booking and Airbnb ^[16]

Fintel/Nasdaq: higher average targets in the U.S. and Italy

Fintel’s model‑driven target data, published via Nasdaq, shows average 12‑month price targets moving higher as well:

For Nasdaq‑listed EXPE, the average one‑year target has been raised to $272.16, up 18.34% from $229.99 earlier this month. The range spans from $181.80 to $367.50, and the new average implies around 2.8% upside versus a recent closing price of $264.66. ^[17]
For Expedia’s Italian listing (BIT: 1EXPE), the average one‑year target now stands at €235.08, up 23.32% from €190.62, with a similar 2.8% inferred upside versus the last close of €228.60. ^[18]

Those Fintel figures also underscore how widely owned the stock is among institutions, with around 1,876–1,877 funds reporting positions and an average portfolio weight of 0.25%, even as total institutional shares outstanding ticked slightly lower last quarter. ^[19]

Overall rating: “Moderate Buy”

MarketBeat data, updated this weekend, shows that research site Wall Street Zen upgraded Expedia from “Buy” to “Strong‑Buy”, while the broader analyst community still aggregates to a “Moderate Buy” consensus with an average target around $262.94:

3 analysts at Strong Buy
14 at Buy
22 at Hold ^[20]

That leaves the stock trading near, but slightly above, the average target — consistent with the view that Expedia is fairly valued on near‑term numbers but could still offer upside if execution and AI‑driven demand trends stay strong.

Q3 2025 earnings: double‑digit growth and guidance raised

Much of today’s optimism from analysts traces back to Expedia’s third‑quarter 2025 earnings released on November 6.

According to the company’s official results:

Booked room nights rose 11% year over year to 108.2 million.
Total gross bookings climbed 12% to $30.7 billion.
Revenue grew 9% to $4.41 billion (from $4.06 billion a year earlier).
GAAP net income attributable to Expedia Group increased 40% to $959 million.
Diluted GAAP EPS jumped 45% to $7.33, while adjusted EPS rose 23% to $7.57, beating consensus around $7.10. ^[21]

Profitability metrics were equally strong:

Adjusted EBITDA came in at $1.45 billion, up 16%, with margin expansion of over 200 basis points. ^[22]
Adjusted EBIT grew 27%, reflecting improved operating leverage. ^[23]

By segment and business model, Expedia continues to lean heavily on lodging and B2B:

B2B gross bookings rose 26%, marking the 17th consecutive quarter of double‑digit growth, while B2C gross bookings climbed 7%. ^[24]
Lodging gross bookings increased 13%, and non‑lodging (air and other travel products) grew 7%. ^[25]

A sector‑level roundup from Tourism Review today captures Expedia, Booking Holdings and Airbnb all posting robust Q3 results, noting that Expedia’s revenue hit about $4.4 billion, gross bookings reached $30.7 billion, and adjusted EBITDA rose roughly 16% to $1.4 billion, driven by a 26% surge in B2B and 7% growth in B2C bookings. ^[26]

On the back of these numbers, Expedia raised its full‑year 2025 guidance, now projecting:

Gross bookings growth of 6–8% (up from 3–5%)
Revenue growth of 6–8%
Adjusted EBITDA margin expansion of around 2 percentage points versus prior guidance of 1 point ^[27]

That stronger outlook is a big part of why price targets are being revised higher even as the stock digests new AI‑related risks today.

Dividend watch: ex‑dividend date November 19

Income‑oriented investors are also eyeing Expedia this week because of its upcoming dividend dates.

From Expedia’s Q3 release and a Nasdaq ex‑dividend reminder:

Expedia’s board declared a quarterly cash dividend of $0.40 per share,
Payable on December 11, 2025,
To shareholders of record as of the close on November 19, 2025, which is also the ex‑dividend date. ^[28]

At a recent share price near $264–262, that translates to an annualized yield of roughly 0.6% on a $1.60 per‑share annual dividend, a modest payout ratio relative to Expedia’s earnings power. ^[29]

Note: Dividend investing involves risk and timing around ex‑dividend dates can affect short‑term price behavior. This article is for information only and is not investment advice.

Institutional flows and insider moves

Today’s news flow also highlights how active large investors have been in EXPE.

Westpac, Intech boost positions

A MarketBeat‑summarized 13F filing shows that Westpac Banking Corp increased its holdings in Expedia by 33.9% in Q2, buying an additional 4,905 shares to bring its stake to 19,382 shares worth about $3.27 million at quarter‑end. ^[30]

Separately, Intech Investment Management LLC disclosed that it boosted its Expedia position by 355.8%, ending Q2 with 68,905 shares worth roughly $11.6 million, representing about 0.05% of the company. ^[31]

These filings also reiterate that roughly 90.76% of Expedia’s stock is owned by hedge funds and other institutional investors, underlining how closely the name is followed in professional portfolios. ^[32]

Candriam trims its stake

Not all institutional moves are in one direction. Another MarketBeat alert notes that Candriam S.C.A. reduced its Expedia stake by 34.8% in Q2, selling 18,495 shares and finishing the quarter with 34,726 shares valued at about $5.86 million. ^[33]

The mix of increased and reduced positions suggests normal portfolio rebalancing after the stock’s strong run into and after Q3 earnings.

Insider selling remains modest

Across several of these reports, MarketBeat also tracks recent insider activity:

Director Craig A. Jacobson sold 3,000 shares in August at an average price around $207–272 in two reported transactions, but still holds more than 30,000 shares. ^[34]
Chief Accounting Officer Lance A. Soliday sold 852 shares around $206 in August, retaining just over 12,000 shares. ^[35]

In total, insiders sold about 6,852 shares over the past three months, worth roughly $1.61 million, while insiders still own around 9.13% of the company. ^[36]

Given the stock’s sharp appreciation this year, these sales look more like routine profit‑taking than a wholesale change in insider conviction.

Online travel market: Expedia in a fragmented, fast‑growing space

A new Research and Markets study released today on the global online travel agent (OTA) market casts Expedia’s story in a larger context. ^[37]

Key points from the report:

The OTA market is expected to grow at roughly 5.7% compound annual growth (CAGR) from 2024 to 2034. ^[38]
The market is highly fragmented: the top ten competitors account for only 6.66% of total market share.
Booking Holdings is the largest player with about 2.46% share, followed by Expedia Group at 1.48% and Airbnb at 1.14% based on 2023 data, underscoring that even the “giants” control only small slices of a vast global opportunity. ^[39]
The report highlights several trends that align closely with Expedia’s strategy:
- AI‑powered personalization and travel assistants
- Innovative travel digital tools
- Strategic partnerships between OTAs, suppliers and technology platforms

Today’s Google AI announcement, with Expedia prominently listed among its partners, fits neatly into this roadmap of AI‑enabled, partnership‑driven growth. ^[40]

Long‑term returns: the compounding story behind EXPE

Short‑term volatility aside, a new Benzinga‑style performance piece published today revisits a simple question: what if you had invested $100 in Expedia 15 years ago?

The latest version of that recurring analysis finds that Expedia has outperformed the broader market over the past 15 years by about 4.6 percentage points per year on an annualized basis, turning that hypothetical $100 stake into several times its original value and illustrating the power of compounding. ^[41]

The article doesn’t change the outlook for EXPE, but it reinforces the idea that:

Long‑term returns in successful growth companies can significantly exceed headline index returns.
Periods like today — when a fundamentally strong name trades lower on shifting sentiment — are common features of long, compounding journeys, not exceptions.

Of course, past performance is not a guarantee of future results, and future returns will depend on how Expedia navigates competition, technology shifts and macroeconomic conditions.

Expedia TAAP gears up for its biggest Black Friday sale

On the commercial side, Expedia’s travel agent affiliate program, Expedia TAAP, is preparing for what promotional materials bill as its “biggest Black Friday sale yet.”

A TravelPulse article and social posts shared by partner agencies highlight that the upcoming event will feature discounts of around 30% or more on thousands of hotels worldwide, targeting travel advisors who use Expedia TAAP to book for clients. ^[42]

While the sale is primarily aimed at the B2B agency community rather than direct consumers, it dovetails with Expedia’s broader strategy:

Lean harder into B2B, where growth has been outpacing B2C and margins can be attractive. ^[43]
Capture holiday and early‑2026 demand with aggressive promotional activity, leveraging Expedia’s global lodging network.

With Q3 already showing 26% growth in B2B bookings, a strong Black Friday/Cyber Monday period could help sustain that momentum into Q4. ^[44]

What to watch next for Expedia Group

For investors and industry watchers following Expedia Group after today’s headlines, several near‑term catalysts stand out:

How Google rolls out AI‑based travel booking with partners
- Details of the flight and hotel booking flow inside AI Mode, including how prominently Expedia inventories and branding appear, will be crucial. ^[45]
Stock reaction around the ex‑dividend date (November 19, 2025)
- Short‑term price moves around the ex‑dividend date may create noise, but also offer a cleaner read on demand once the dividend adjustment is behind the stock. ^[46]
Holiday and early‑2026 booking trends
- Q4 results and any early commentary on 2026 bookings will show whether demand remains as resilient as Q3 and whether TAAP’s Black Friday push moves the needle. ^[47]
Further analyst revisions and institutional flows
- With price targets rising and new 13F filings in coming quarters, watch whether net institutional ownership continues to creep higher or shows signs of rotation. ^[48]

Final word

On November 17, 2025, Expedia Group finds itself at a fascinating crossroads: a clear beneficiary of the travel industry’s robust rebound and the rise of AI‑driven personalization, but also a subject of market debate over how Google’s new AI‑powered search experiences will reshape the online travel landscape.

The fundamentals — strong Q3 growth, rising guidance, a growing dividend and constructive analyst sentiment — remain supportive. Yet today’s stock pullback underscores that the next phase of Expedia’s story will hinge on execution in a fast‑changing, AI‑heavy ecosystem.

As always, anyone considering EXPE should do their own research, assess risk tolerance and, if necessary, consult a qualified financial advisor before making investment decisions.

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