Piper Sandler Downgrades Expedia Group to Underweight Amid Market Adjustments

Fintel reports that on May 9, 2025, Piper Sandler downgraded its outlook for Expedia Group (DB:E3X1) from Neutral to Underweight.

Analyst Price Forecast Indicates Significant Upside Potential

As of April 24, 2025, the average one-year price target for Expedia Group stands at 182.04 €/share. This target reflects a spectrum, with estimates ranging from a low of 124.89 € to a high of 263.30 €. The average price target suggests an upside of 23.89% from the latest reported closing price of 146.94 €/share.

Projected Revenue and Earnings Growth

Expedia Group’s projected annual revenue is forecasted at 15,621 million euros, indicating a rise of 13.28%. Additionally, the expected annual non-GAAP EPS is 13.48.

Fund Sentiment Overview

Currently, 1,694 funds and institutions hold positions in Expedia Group, reflecting an increase of 101 owners or 6.34% over the last quarter. The average portfolio weight for all funds dedicated to E3X1 has increased by 10.35%, now sitting at 0.31%. Total shares owned by institutions rose by 5.66% in the last three months, totaling 141,894K shares.

Institutional Ownership Changes

Windacre Partnership currently holds 4,066K shares, equivalent to 3.33% ownership of the company, down from 4,324K shares, indicating a decrease of 6.35%. This firm increased its portfolio allocation in E3X1 by 30.61% in the last quarter.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) reports ownership of 3,857K shares, representing 3.16% of the company. This is a decrease from their previous holding of 3,961K shares, reflecting a drop of 2.71%. However, the firm has boosted its portfolio allocation in E3X1 by 20.78% over the last quarter.

Norges Bank has significantly increased its holding to 3,599K shares, representing 2.95% ownership, up from 0K shares—an increase of 100.00%.

JPMorgan Chase holds 3,502K shares, equating to 2.87% ownership. This is a decrease from 3,842K shares, reflecting a drop of 9.71%, although the firm has increased its portfolio allocation by 12.43% over the last quarter.

Invesco owns 3,406K shares, or 2.79% of the company. Its prior holding was 3,444K shares, marking a decrease of 1.11%, and a substantial cut of 89.23% in its portfolio allocation over the previous quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.