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

Expedia Group (NASDAQ:EXPE - Free Report) had its price target lowered by Piper Sandler from $210.00 to $174.00 in a report released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the online travel company's stock.

A number of other equities research analysts have also issued reports on EXPE. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Citigroup increased their price objective on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Wells Fargo & Company set a $143.00 target price on Expedia Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Finally, Melius Research raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has an average rating of "Moderate Buy" and an average price target of $191.89.

Expedia Group Stock Performance

NASDAQ EXPE traded up $3.83 during trading hours on Monday, hitting $161.79. 2,694,277 shares of the company's stock traded hands, compared to its average volume of 2,000,533. The business's fifty day moving average price is $164.71 and its two-hundred day moving average price is $175.42. Expedia Group has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $20.85 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.92 and a beta of 1.65.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts predict that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio is currently 17.68%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 completion of the transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Institutional Trading of Expedia Group

Several hedge funds and other institutional investors have recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group during 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. purchased a new position in shares of Expedia Group in the fourth quarter worth approximately $28,000. Grove Bank & Trust lifted 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 purchasing an additional 142 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group during the 4th quarter valued at $34,000. 90.76% of the stock is 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.