Expedia Group, Inc. (NASDAQ:EXPE) Short Interest Down 9.8% in October

Expedia Group, Inc. (NASDAQ:EXPE) was the target of a significant 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 shares of the company are sold short. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is presently 3.7 days.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,000 shares of company stock valued at $5,846,530. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Hedge funds have recently bought and sold shares of the business. Hohimer Wealth Management LLC grew its position in Expedia Group by 0.5% in the third quarter. Hohimer Wealth Management LLC now owns 23,310 shares of the online travel company’s stock worth $3,450,000 after acquiring an additional 127 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Expedia Group by 5.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,264 shares of the online travel company’s stock worth $788,000 after purchasing an additional 285 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Expedia Group by 6.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 181,878 shares of the online travel company’s stock worth $26,921,000 after purchasing an additional 11,223 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Expedia Group by 19.9% during the third quarter. Toronto Dominion Bank now owns 44,710 shares of the online travel company’s stock valued at $6,618,000 after buying an additional 7,425 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Expedia Group in the 3rd quarter valued at $2,234,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXPE. Jefferies Financial Group raised their price target on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Benchmark upped their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Susquehanna lifted their target price on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Oppenheimer increased their price objective on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.88.

Expedia Group Price Performance

NASDAQ EXPE traded down $3.15 during trading on Tuesday, hitting $177.25. 93,975 shares of the stock traded hands, compared to its average volume of 2,160,701. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group has a 12-month low of $107.25 and a 12-month high of $190.40. The firm has a 50-day simple moving average of $155.40 and a 200-day simple moving average of $135.40. The company has a market capitalization of $22.75 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78.

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.