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

Expedia Group, Inc. (NASDAQ:EXPE) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 5,730,000 shares, a decrease of 9.8% from the October 15th total of 6,350,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Several brokerages have recently commented on EXPE. Citigroup raised their target price on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Oppenheimer raised their price objective on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their target price on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, UBS Group boosted their price target on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Nineteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $164.88.

Expedia Group Trading Down 1.8 %

NASDAQ:EXPE traded down $3.30 during mid-day trading on Tuesday, hitting $177.10. 85,391 shares of the company’s stock were exchanged, compared to its average volume of 2,160,798. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $22.73 billion, a P/E ratio of 23.22, a PEG ratio of 0.71 and a beta of 1.78. The company has a 50 day simple moving average of $155.40 and a 200-day simple moving average of $135.40.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $5,846,530 in the last three months. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. increased its position in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after purchasing an additional 596,510 shares during the period. Geode Capital Management LLC raised its holdings in Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after purchasing an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.