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

Expedia Group (NASDAQ:EXPE) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $145.00 price target on the online travel company’s stock, down from their previous price target of $175.00. Piper Sandler’s target price points to a potential upside of 25.73% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of Expedia Group in a report on Monday, April 29th. Benchmark boosted their target price on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Bank of America downgraded 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. Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price objective on shares of Expedia Group in a report on Friday, February 9th. Finally, Jefferies Financial Group cut their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $148.08.

Expedia Group Stock Down 15.3 %

Shares of NASDAQ:EXPE opened at $115.33 on Friday. 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 stock has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. The company has a 50 day moving average of $133.81 and a 200-day moving average of $134.96. Expedia Group has a one year low of $87.94 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. On average, sell-side analysts forecast that Expedia Group will post 9.7 earnings per share for the current year.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.07% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

Hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its stake in shares of Expedia Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after buying an additional 75 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Expedia Group by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after acquiring an additional 78 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after acquiring an additional 80 shares during the period. Private Advisor Group LLC increased its stake in shares of Expedia Group by 0.4% during the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after purchasing an additional 87 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares during the period. Institutional investors 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.