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

Expedia Group, Inc. (NASDAQ:EXPE) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,850,000 shares, an increase of 12.8% from the November 30th total of 4,300,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 4.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

EXPE has been the subject of several research reports. Susquehanna raised their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Oppenheimer upped their price objective on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Finally, StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Twenty research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.77.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction 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. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,951 shares of company stock worth $4,695,610. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. Hantz Financial Services Inc. acquired a new position in shares of Expedia Group during the second quarter worth about $368,000. Commonwealth Equity Services LLC grew its stake in shares of Expedia Group by 4.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 34,992 shares of the online travel company’s stock worth $4,409,000 after acquiring an additional 1,587 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Expedia Group by 12.2% in the second quarter. Van ECK Associates Corp now owns 34,595 shares of the online travel company’s stock valued at $4,359,000 after purchasing an additional 3,775 shares during the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Expedia Group in the second quarter worth $625,000. Finally, DDD Partners LLC bought a new stake in shares of Expedia Group in the second quarter worth $11,550,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Up 0.2 %

Shares of Expedia Group stock traded up $0.38 on Monday, hitting $186.49. The company had a trading volume of 1,568,011 shares, compared to its average volume of 2,065,277. Expedia Group has a twelve month low of $107.25 and a twelve month high of $192.34. 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 50-day moving average of $178.68 and a 200-day moving average of $150.31. The firm has a market capitalization of $23.94 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.07 and a beta of 1.84.

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.