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

Expedia Group, Inc. (NASDAQ:EXPE) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 4,300,000 shares, a decline of 13.0% from the November 15th total of 4,940,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 3.0 days.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction 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 approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 over the last quarter. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds have recently modified their holdings of EXPE. Windacre Partnership LLC increased its stake in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in 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 worth $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after purchasing an additional 384,305 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after purchasing an additional 354,389 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPE has been the subject of several research analyst reports. BTIG Research boosted their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Bank of America upped their target price on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Monday. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Barclays boosted their price objective 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. Twenty-one equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Stock Down 1.1 %

Shares of NASDAQ EXPE traded down $2.02 during mid-day trading on Tuesday, reaching $180.57. The company had a trading volume of 317,194 shares, compared to its average volume of 2,074,378. 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 quick ratio of 0.73 and a current ratio of 0.73. The stock 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. The stock’s 50 day moving average is $172.43 and its 200-day moving average is $145.68.

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.