Piper Sandler Cuts Expedia Group (NASDAQ:EXPE) Price Target to $174.00

Expedia Group (NASDAQ:EXPE) had its price objective decreased by Piper Sandler from $210.00 to $174.00 in a report issued on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the online travel company’s stock.

Other equities analysts also recently issued research reports about the stock. UBS Group restated a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Monday, January 6th. Morgan Stanley cut their target price on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial lifted their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. Nineteen investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $191.89.

Expedia Group Price Performance

EXPE stock opened at $156.93 on Monday. The business’s fifty day moving average price is $166.31 and its 200 day moving average price is $175.30. Expedia Group has a 12-month low of $107.25 and a 12-month high of $207.73. The company has a market capitalization of $20.22 billion, a PE ratio of 17.34, a P/E/G ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

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

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is currently 17.68%.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

Several large investors have recently bought and sold shares of EXPE. Stock Yards Bank & Trust Co. lifted its stake in shares of Expedia Group by 16.3% during the third quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company’s stock valued at $32,074,000 after buying an additional 30,396 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Expedia Group during the 3rd quarter worth $2,958,000. Optimist Retirement Group LLC acquired a new stake in shares of Expedia Group during the third quarter worth $246,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Expedia Group in the third quarter valued at $1,930,000. Finally, Versant Capital Management Inc increased its stake in Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after purchasing an additional 419 shares during 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.