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

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,300,000 shares, a drop of 13.0% from the November 15th total of 4,940,000 shares. Currently, 3.6% of the company's shares are short sold. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXPE. Jefferies Financial Group lifted their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a "hold" rating and a $148.00 price objective for the company. Wedbush lifted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Cantor Fitzgerald restated a "neutral" rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Finally, Wells Fargo & Company lifted their price target on shares of Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Twenty research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and an average price target of $167.67.

Expedia Group Stock Down 0.8 %

Expedia Group stock traded down $1.56 during mid-day trading on Friday, reaching $183.00. 871,843 shares of the company's stock were exchanged, compared to its average volume of 2,085,598. The company has a market cap of $23.49 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.07 and a beta of 1.84. The company has a fifty day moving average of $171.80 and a 200-day moving average of $144.92. Expedia Group has a twelve month low of $107.25 and a twelve month high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company's stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,951 shares of company stock valued at $6,197,710. Insiders own 6.80% of the company's stock.

Institutional Trading of Expedia Group

A number of institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of Expedia Group by 8.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,327 shares of the online travel company's stock worth $545,000 after acquiring an additional 339 shares during the period. Blue Trust Inc. raised its stake in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock worth $30,000 after buying an additional 105 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $268,000. Lecap Asset Management Ltd. boosted its stake in shares of Expedia Group by 2.0% in the second quarter. Lecap Asset Management Ltd. now owns 5,838 shares of the online travel company's stock valued at $736,000 after buying an additional 113 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Expedia Group during the second quarter worth $109,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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.