Expedia Group Inc (EXPE) Sees Significant Growth in Short Interest

Expedia Group Inc (NASDAQ:EXPE) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 13,347,601 shares, an increase of 11.2% from the March 29th total of 12,006,970 shares. Based on an average daily volume of 1,256,491 shares, the days-to-cover ratio is currently 10.6 days. Currently, 11.5% of the shares of the stock are short sold.

In other Expedia Group news, CAO Lance A. Soliday sold 1,635 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the completion of the transaction, the chief accounting officer now owns 6,644 shares of the company’s stock, valued at $827,576.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $125.17, for a total value of $6,258,500.00. Following the transaction, the director now directly owns 462,910 shares of the company’s stock, valued at approximately $57,942,444.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,759 shares of company stock valued at $15,794,981. 20.96% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Expedia Group by 4.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,426 shares of the online travel company’s stock valued at $1,955,000 after acquiring an additional 663 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Expedia Group by 137.3% during the first quarter. CENTRAL TRUST Co now owns 1,011 shares of the online travel company’s stock worth $120,000 after purchasing an additional 585 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its stake in shares of Expedia Group by 0.9% during the first quarter. Pettyjohn Wood & White Inc. now owns 11,806 shares of the online travel company’s stock worth $1,405,000 after purchasing an additional 100 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Expedia Group by 3.7% during the first quarter. World Asset Management Inc now owns 8,350 shares of the online travel company’s stock worth $994,000 after purchasing an additional 297 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of Expedia Group during the first quarter worth about $650,000. Hedge funds and other institutional investors own 79.88% of the company’s stock.

Several equities analysts have weighed in on EXPE shares. Benchmark reissued a “hold” rating on shares of Expedia Group in a research report on Friday, February 8th. BidaskClub downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Credit Suisse Group raised their price target on Expedia Group from $145.00 to $150.00 in a research report on Friday, February 8th. SunTrust Banks reissued a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research report on Monday, February 4th. Finally, Goldman Sachs Group raised Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $140.00 in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $146.94.

Shares of NASDAQ:EXPE opened at $127.76 on Monday. The firm has a market capitalization of $18.80 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. Expedia Group has a 52 week low of $108.11 and a 52 week high of $139.77.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, research analysts anticipate that Expedia Group will post 6.01 earnings per share for the current fiscal year.

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About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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