Short Interest in Expedia Group, Inc. (NASDAQ:EXPE) Decreases By 9.8%

Expedia Group, Inc. (NASDAQ:EXPE) saw 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. Currently, 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,550,000 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPE. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Benchmark raised their target price on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Barclays increased their price target on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Nineteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $164.88.

Insider Activity at Expedia Group

In related news, 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 value of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,000 shares of company stock worth $5,846,530. 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 the stock. Windacre Partnership LLC lifted its stake in shares of Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. raised its stake in Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 20,005 shares during the period. Fisher Asset Management LLC grew its stake in Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after purchasing an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 46.3% in the third 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 period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $180.40 on Tuesday. Expedia Group has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $23.15 billion, a PE ratio of 23.22, a P/E/G ratio of 0.71 and a beta of 1.78. The business has a 50-day simple moving average of $155.40 and a two-hundred day simple moving average of $135.40.

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.