Expedia Group, Inc. (NASDAQ:EXPE) Short Interest Up 5.4% in June

Expedia Group, Inc. (NASDAQ:EXPE) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 6,280,000 shares, an increase of 5.4% from the May 31st total of 5,960,000 shares. Currently, 5.0% of the company’s shares are sold short. Based on an average trading volume of 2,390,000 shares, the days-to-cover ratio is presently 2.6 days.

Insider Buying and Selling

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Lance A. Soliday sold 544 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $1,268,382.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ORG Partners LLC raised its position in shares of Expedia Group by 4,525.0% during the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in Expedia Group during the fourth quarter valued at $26,000. City State Bank raised its holdings in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares during the period. CVA Family Office LLC bought a new position in shares of Expedia Group in the 4th quarter worth about $32,000. Finally, Crewe Advisors LLC bought a new stake in shares of Expedia Group during the 1st quarter valued at about $40,000. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BTIG Research cut their target price on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Mizuho reduced their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, April 29th. Piper Sandler cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $175.00 to $145.00 in a research report on Friday, May 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and an average target price of $148.12.

Expedia Group Trading Up 1.1 %

NASDAQ EXPE opened at $124.25 on Thursday. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. Expedia Group has a 12 month low of $92.48 and a 12 month high of $160.05. The company’s fifty day moving average price is $120.42 and its two-hundred day moving average price is $133.93.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.57. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. As a group, research analysts predict that Expedia Group will post 9.25 earnings per share for the current fiscal year.

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.