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

Expedia Group Inc (NASDAQ:EXPE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 7,500,000 shares, a growth of 7.1% from the September 30th total of 7,000,000 shares. Based on an average trading volume of 2,010,000 shares, the short-interest ratio is currently 3.7 days. Approximately 6.2% of the shares of the stock are sold short.

In related news, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the transaction, the insider now owns 36,029 shares of the company’s stock, valued at $4,870,760.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $132.98, for a total value of $6,649,000.00. Following the transaction, the director now directly owns 477,677 shares in the company, valued at approximately $63,521,487.46. The disclosure for this sale can be found here. Insiders have sold 111,946 shares of company stock worth $14,878,704 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Lenox Wealth Advisors LLC boosted its holdings in Expedia Group by 113.3% in the third quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. WealthStone Inc. purchased a new position in Expedia Group in the second quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new position in Expedia Group in the second quarter valued at about $28,000. Signaturefd LLC boosted its holdings in Expedia Group by 75.8% in the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in Expedia Group in the second quarter valued at about $41,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

EXPE has been the topic of a number of research analyst reports. Barclays reiterated a “buy” rating and set a $151.00 target price on shares of Expedia Group in a research report on Wednesday, October 16th. Morgan Stanley decreased their target price on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. ValuEngine downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub downgraded Expedia Group from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Bank of America downgraded Expedia Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $142.35.

Expedia Group stock traded up $0.09 during trading on Friday, hitting $95.67. The company’s stock had a trading volume of 2,935,400 shares, compared to its average volume of 4,166,717. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 0.75. Expedia Group has a 1-year low of $94.10 and a 1-year high of $144.00. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.50 and a beta of 1.09. The stock’s fifty day moving average is $129.68 and its 200 day moving average is $128.53.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.65 EPS. On average, research analysts anticipate that Expedia Group will post 5.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, November 18th. Expedia Group’s dividend payout ratio is currently 28.27%.

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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