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

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

Several other research firms have also weighed in on EXPE. 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 report on Monday, February 10th. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Morgan Stanley dropped their price target on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group raised their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.04.

Expedia Group Stock Down 7.4 %

Shares of EXPE opened at $156.55 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $161.69 and a two-hundred day moving average price of $175.63. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group has a 12 month low of $107.25 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its 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). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the business earned $0.21 EPS. Expedia Group’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Expedia Group will post 12.28 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth about $27,000. SRH Advisors LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $28,000. Sava Infond d.o.o. bought a new position in Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Expedia Group during the first quarter worth $28,000. 90.76% of the stock is currently owned by 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.