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

Expedia Group, Inc. (NASDAQ:EXPE) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 6,280,000 shares, an increase of 5.4% from the May 31st total of 5,960,000 shares. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 5.0% of the shares of the stock are sold short.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expedia Group

Several institutional investors and hedge funds have recently bought and sold shares of EXPE. Amalgamated Bank lifted its stake in shares of Expedia Group by 22.3% during the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after buying an additional 8,595 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after acquiring an additional 21,095 shares during the period. Raymond James & Associates lifted its position in shares of Expedia Group by 6.4% in the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after acquiring an additional 15,759 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Expedia Group by 80.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after acquiring an additional 7,270 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of Expedia Group by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after purchasing an additional 43,820 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. Royal Bank of Canada reduced their price objective on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets restated a “market perform” rating and issued a $145.00 price objective on shares of Expedia Group in a report on Wednesday, May 15th. DA Davidson reaffirmed a “neutral” rating and set a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. Finally, Wedbush reduced their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $148.12.

Expedia Group Trading Up 1.1 %

Shares of EXPE stock opened at $124.25 on Friday. The firm’s 50 day moving average is $120.19 and its 200 day moving average is $133.86. The stock has a market capitalization of $16.93 billion, a P/E ratio of 23.27, a P/E/G ratio of 0.46 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. Research analysts expect that Expedia Group will post 9.25 earnings per share for the current year.

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.