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

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

Expedia Group Stock Performance

EXPE stock traded down $1.95 on Tuesday, hitting $180.64. The company had a trading volume of 1,161,693 shares, compared to its average volume of 2,075,627. Expedia Group has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock’s 50-day simple moving average is $172.43 and its 200 day simple moving average is $145.68. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.07 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXPE shares. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research report on Monday. BTIG Research upped their price target on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Twenty-one equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $167.67.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on 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 transaction, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock valued at $6,197,710 over the last 90 days. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EXPE. Innealta Capital LLC purchased a new position in shares of Expedia Group during the 2nd quarter valued at $27,000. Blue Trust Inc. lifted 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 valued at $30,000 after buying an additional 105 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the 3rd quarter valued at $51,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Expedia Group during the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.