Expedia Group (NASDAQ:EXPE) Stock Rating Reaffirmed by Piper Sandler

Expedia Group (NASDAQ:EXPE)‘s stock had its “neutral” rating restated by investment analysts at Piper Sandler in a research note issued to investors on Friday, Benzinga reports. They currently have a $140.00 price objective on the online travel company’s stock, down from their prior price objective of $145.00. Piper Sandler’s price objective would suggest a potential upside of 9.62% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their target price on Expedia Group from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Susquehanna reaffirmed a “neutral” rating and set a $125.00 price target on shares of Expedia Group in a research note on Wednesday, May 15th. TD Cowen reduced their price objective on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research report on Tuesday, July 2nd. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. Fourteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.00.

Expedia Group Stock Performance

EXPE traded up $9.74 during trading on Friday, hitting $127.71. 1,748,081 shares of the stock were exchanged, compared to its average volume of 2,423,104. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group has a 1-year low of $92.48 and a 1-year high of $160.05. The stock has a fifty day moving average price of $124.97 and a two-hundred day moving average price of $129.74. The firm has a market capitalization of $17.41 billion, a P/E ratio of 23.72, a PEG ratio of 0.46 and a beta of 1.78.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Institutional Trading of Expedia Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC raised its stake in shares of Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Expedia Group during the second quarter worth $27,000. Blue Trust Inc. increased its stake in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Expedia Group during the first quarter worth $40,000. 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.