Piper Sandler Has Lowered Expectations for Expedia Group (NASDAQ:EXPE) Stock Price

Expedia Group (NASDAQ:EXPE) had its price objective lowered by stock analysts at Piper Sandler from $210.00 to $174.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the online travel company’s stock. Piper Sandler’s target price would indicate a potential upside of 8.65% from the company’s current price.

EXPE has been the topic of several other reports. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. BMO Capital Markets upped their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Oppenheimer dropped their price objective on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Finally, Morgan Stanley lowered their target price on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and an average target price of $191.89.

Expedia Group Price Performance

Shares of EXPE stock opened at $160.15 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $20.64 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.92 and a beta of 1.65. The business’s 50 day moving average price is $167.11 and its 200-day moving average price is $175.42. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, equities research analysts anticipate that Expedia Group will post 12.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Envestnet Asset Management Inc. boosted its stake in shares of Expedia Group by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 186,764 shares of the online travel company’s stock worth $31,395,000 after purchasing an additional 3,251 shares during the period. Wayfinding Financial LLC bought a new stake in Expedia Group in the first quarter worth about $61,000. Olde Wealth Management LLC purchased a new position in shares of Expedia Group during the first quarter valued at approximately $77,000. Catalyst Capital Advisors LLC purchased a new position in shares of Expedia Group during the first quarter valued at approximately $1,933,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Expedia Group during the first quarter valued at approximately $4,458,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

About Expedia Group

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.