Piper Sandler Lowers Expedia Group (NASDAQ:EXPE) to Neutral

Piper Sandler cut shares of Expedia Group (NASDAQ:EXPE) from an overweight rating to a neutral rating in a report released on Friday morning, MarketBeat.com reports. The brokerage currently has $145.00 price target on the online travel company’s stock, down from their prior price target of $175.00.

Other equities analysts have also recently issued research reports about the company. StockNews.com raised Expedia Group from a hold rating to a buy rating in a research report on Wednesday, February 14th. BMO Capital Markets lowered shares of Expedia Group from an outperform rating to a market perform rating and dropped their target price for the stock from $165.00 to $145.00 in a research report on Friday. Wedbush reiterated a neutral rating and set a $130.00 target price on shares of Expedia Group in a research note on Thursday, April 18th. Bank of America lowered shares of Expedia Group from a buy rating to a neutral rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Expedia Group from $155.00 to $190.00 and gave the company a buy rating in a research report on Friday, January 19th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of Hold and an average price target of $148.08.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $115.33 on Friday. Expedia Group has a one year low of $87.94 and a one year high of $160.05. The business’s 50-day moving average price is $133.81 and its two-hundred day moving average price is $135.45. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $15.72 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Analysts anticipate that Expedia Group will post 9.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Institutional investors and hedge funds have recently bought and sold shares of the business. ValueAct Holdings L.P. bought a new position in shares of Expedia Group in the fourth quarter worth about $645,346,000. Norges Bank acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $334,632,000. Norden Group LLC acquired a new stake in shares of Expedia Group in the first quarter valued at approximately $40,976,000. Kodai Capital Management LP acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $38,072,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Expedia Group by 242.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after purchasing an additional 185,880 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.