Expedia Group, Inc. (NASDAQ:EXPE) Sees Large Decrease in Short Interest

Expedia Group, Inc. (NASDAQ:EXPE) was the target of a large decline in short interest in 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. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 4.1% of the company’s stock are short sold.

Expedia Group Price Performance

EXPE opened at $185.01 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market cap of $23.75 billion, a P/E ratio of 23.81, a P/E/G ratio of 0.73 and a beta of 1.78. The company has a 50 day moving average of $164.62 and a two-hundred day moving average of $140.34. Expedia Group has a 52-week low of $107.25 and a 52-week high of $190.40.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the company. Optimist Retirement Group LLC acquired a new position in shares of Expedia Group in the third quarter worth about $246,000. Wilmington Savings Fund Society FSB purchased a new stake in Expedia Group during the 3rd quarter worth approximately $2,958,000. Sanctuary Advisors LLC raised its position in shares of Expedia Group by 6.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company’s stock valued at $1,351,000 after purchasing an additional 584 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Expedia Group by 16.3% during the 3rd 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 last quarter. Finally, M&T Bank Corp grew its position in shares of Expedia Group by 0.3% during the third quarter. M&T Bank Corp now owns 82,626 shares of the online travel company’s stock worth $12,230,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Jefferies Financial Group raised their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Wedbush lifted their target price on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Bank of America boosted their target price on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.67.

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.