Expedia Group, Inc. (NASDAQ:EXPE) Short Interest Down 13.0% in November

Expedia Group, Inc. (NASDAQ:EXPE) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,300,000 shares, a decrease of 13.0% from the November 15th total of 4,940,000 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 3.0 days. Currently, 3.6% of the shares of the stock are short sold.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the sale, the director now owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,951 shares of company stock worth $6,197,710. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Innealta Capital LLC bought a new position in shares of Expedia Group in the second quarter worth $27,000. Blue Trust Inc. increased its holdings in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group bought a new position in shares of Expedia Group in the third quarter worth $51,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Expedia Group in the second quarter worth $65,000. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Monday. BTIG Research boosted their target price on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Benchmark boosted their target price on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley boosted their target price on Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Finally, Bank of America boosted their target price on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Twenty-one equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $167.67.

Expedia Group Stock Performance

EXPE stock traded down $1.95 during midday trading on Tuesday, reaching $180.64. 1,161,693 shares of the company’s stock traded hands, compared to its average volume of 2,075,627. The company has a 50-day moving average price of $172.43 and a two-hundred day moving average price of $145.68. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group has a 52 week low of $107.25 and a 52 week high of $192.34. The firm has a market capitalization of $23.18 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84.

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.