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

Expedia Group, Inc. (NASDAQ:EXPE) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,940,000 shares, a drop 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 short-interest ratio is currently 3.3 days. Approximately 4.1% of the shares of the stock are sold short.

Insider Activity

In other news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on 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 transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,951 shares of company stock worth $6,197,710. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Expedia Group

Several large investors have recently bought and sold shares of EXPE. Innealta Capital LLC purchased a new position in shares of Expedia Group in the second quarter valued at $27,000. Blue Trust Inc. boosted its position in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Expedia Group during the third quarter worth about $51,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group in the third quarter worth about $74,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Wells Fargo & Company lifted their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Susquehanna upped their target price on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Wedbush lifted their price target on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, BTIG Research upped their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $185.01 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group has a 1-year low of $107.25 and a 1-year high of $190.40. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.73 and a beta of 1.78. The business has a 50-day moving average of $164.62 and a 200-day moving average of $140.34.

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.