Expedia Group, Inc. (NASDAQ:EXPE) Short Interest Update

Expedia Group, Inc. (NASDAQ:EXPE) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 4,940,000 shares, a decline of 13.8% from the October 31st total of 5,730,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 3.3 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXPE. Citigroup raised their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Barclays boosted their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Robert W. Baird initiated coverage on Expedia Group in a research report on Wednesday. They set an “outperform” rating and a $225.00 price target for the company. Finally, Bank of America raised their price objective on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $167.67.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Institutional investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. grew its position in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group during the 3rd quarter valued at approximately $51,000. Finally, Future Financial Wealth Managment LLC bought a new position in Expedia Group during the third quarter worth $74,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Down 0.2 %

EXPE opened at $184.62 on Friday. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $23.70 billion, a PE ratio of 23.76, a P/E/G ratio of 0.73 and a beta of 1.78. The firm’s fifty day moving average price is $163.80 and its 200 day moving average price is $139.64.

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.