Expedia Group names Rob Bevegni as new investor relations VP

SEATTLE - Expedia Group (NASDAQ:EXPE) has appointed Rob Bevegni as Vice President of Investor Relations, according to a press release statement issued by the company. Bevegni will lead the travel technology firm’s investor relations strategy and report to Chief Financial Officer Scott Schenkel. The appointment comes at a strong time for the company, which according to InvestingPro data, maintains impressive gross profit margins of nearly 90% and generates annual revenue of $14 billion.

In his new role, Bevegni will be responsible for enhancing how Expedia Group communicates its financial narrative to the investment community. He will be based at the company’s Bay Area office as part of the Global Finance Leadership Team.

Bevegni brings nearly two decades of finance experience to the position, most recently serving as Portfolio Manager at TamRidge Capital where he led a team focused on internet, payments, and software sectors. His previous experience includes senior roles at Balyasny Asset Management, Aptigon Capital, and Millennium LLC.

"He brings a valuable investor perspective and a deep understanding of the financial markets that will strengthen how we engage with shareholders and analysts," said Schenkel in the announcement.

The appointment comes as Expedia Group continues to position itself in the travel technology sector through its consumer brands including Expedia, Hotels.com, and Vrbo, alongside its B2B technology solutions for travel partners.

Expedia Group, headquartered in Seattle, operates a global platform that powers travel services and technology solutions for consumers and business partners.

In other recent news, Booking Holdings has been the focus of analysts, with Citizens reiterating its Market Outperform rating and setting a price target of $6,500. Cantor Fitzgerald has maintained a Neutral rating on Booking Holdings with a price target of $5,660, noting divergence in guidance among online travel agencies. Meanwhile, Expedia has also drawn attention, with Mizuho initiating coverage with a Neutral rating and a $240 price target, reflecting potential growth under its new CEO. Bank of America remains optimistic about Expedia, reiterating a Buy rating due to its modest gains in global hotel room night share, supported by strong performance in its business-to-business segment. Cantor Fitzgerald also maintains a Neutral rating on Expedia, setting a $220 price target, and highlighting differences in fourth-quarter guidance trends among OTAs. These developments showcase the varying analyst perspectives and strategic moves within the online travel industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.