Expedia Group, Inc. (NASDAQ:EXPE) Sees Large Decrease in Short Interest

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 5,730,000 shares, a drop of 9.8% from the October 15th total of 6,350,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 4.6% of the shares of the company are short sold.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the company's 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 198,505 shares in the company, 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. Insiders sold a total of 37,000 shares of company stock worth $5,846,530 over the last quarter. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Expedia Group

A number of large investors have recently made changes to their positions in EXPE. Windacre Partnership LLC lifted 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 valued at $639,994,000 after purchasing an additional 1,431,500 shares during the period. Pacer Advisors Inc. increased its stake in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company's stock worth $334,403,000 after buying an additional 714,229 shares during the period. Alkeon Capital Management LLC increased its position in shares of Expedia Group by 46.3% in the 3rd 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 during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company's stock valued at $51,354,000 after buying an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company's stock valued at $94,903,000 after purchasing an additional 354,389 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. BTIG Research lifted their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Truist Financial assumed coverage on Expedia Group in a research note on Friday, September 6th. They issued a "hold" rating and a $148.00 price objective for the company. Wedbush lifted their price target on Expedia Group from $130.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, Susquehanna increased their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $164.88.

Expedia Group Trading Down 2.1 %

Shares of EXPE stock traded down $3.82 on Tuesday, hitting $176.58. The stock had a trading volume of 612,618 shares, compared to its average volume of 2,163,151. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $22.66 billion, a P/E ratio of 23.22, a P/E/G ratio of 0.71 and a beta of 1.78. Expedia Group has a 1 year low of $107.25 and a 1 year high of $190.40. The company's 50 day moving average price is $155.40 and its 200-day moving average price is $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.