Expedia Group (NASDAQ:EXPE) Downgraded by Piper Sandler to “Underweight”

Piper Sandler lowered shares of Expedia Group (NASDAQ:EXPE) from a neutral rating to an underweight rating in a report issued on Friday morning, Marketbeat Ratings reports. They currently have $135.00 target price on the online travel company’s stock, down from their previous target price of $174.00.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup lifted their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Wells Fargo & Company set a $143.00 price objective on shares of Expedia Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. BMO Capital Markets boosted their target price on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Truist Financial upped their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.04.

Expedia Group Trading Down 7.4%

Shares of Expedia Group stock opened at $156.55 on Friday. The stock has a 50 day moving average of $161.69 and a 200 day moving average of $175.85. 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 capitalization of $20.17 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.92 and a beta of 1.62. 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 announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. As a group, research analysts predict that Expedia Group will post 12.28 earnings per share for the current year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company’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 directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC purchased a new position in Expedia Group in the fourth quarter valued at approximately $27,000. SRH Advisors LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group in the 4th quarter valued at $28,000. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group in the 1st quarter valued at $28,000. Finally, Grove Bank & Trust raised its stake in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.