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

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Expedia Group Inc (NASDAQ:EXPE) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 7,500,000 shares, a growth of 7.1% from the October 31st total of 7,000,000 shares. Based on an average trading volume of 2,010,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 6.2% of the company’s stock are short sold.

Several equities analysts have recently weighed in on the company. JMP Securities cut Expedia Group from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Oppenheimer cut Expedia Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $160.00 to $110.00 in a report on Monday, November 11th. Consumer Edge assumed coverage on Expedia Group in a report on Monday, November 18th. They set an “equal weight” rating and a $100.00 price target on the stock. DA Davidson cut Expedia Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $162.00 to $130.00 in a report on Thursday, November 7th. Finally, Piper Jaffray Companies cut Expedia Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $124.00 in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the company. Expedia Group presently has an average rating of “Hold” and an average target price of $141.91.

Expedia Group stock traded up $0.15 during trading on Friday, reaching $101.66. The company had a trading volume of 1,759,797 shares, compared to its average volume of 4,766,953. Expedia Group has a 52 week low of $93.53 and a 52 week high of $144.00. The firm’s 50-day simple moving average is $119.73 and its 200 day simple moving average is $126.58. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). Expedia Group had a return on equity of 13.45% and a net margin of 4.26%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business posted $3.65 earnings per share. Expedia Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts predict that Expedia Group will post 5.04 earnings per share for the current year.

The business also recently announced 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. The ex-dividend date is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.34%. Expedia Group’s dividend payout ratio is currently 28.27%.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $63,521,487.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total value of $1,246,722.18. Following the completion of the transaction, the insider now directly owns 36,029 shares in the company, valued at $4,870,760.51. The disclosure for this sale can be found here. Insiders sold a total of 111,944 shares of company stock worth $14,790,690 over the last ninety days. 2.10% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in EXPE. Nuveen Asset Management LLC raised its holdings in Expedia Group by 1,704.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after purchasing an additional 5,249,396 shares during the period. Par Capital Management Inc. raised its holdings in Expedia Group by 19.4% in the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock worth $1,265,066,000 after purchasing an additional 1,545,373 shares during the period. DNB Asset Management AS raised its holdings in Expedia Group by 2,126.8% in the 3rd quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock worth $148,236,000 after purchasing an additional 1,053,337 shares during the period. State Street Corp raised its holdings in Expedia Group by 16.5% in the 3rd quarter. State Street Corp now owns 5,846,641 shares of the online travel company’s stock worth $785,847,000 after purchasing an additional 828,186 shares during the period. Finally, Holocene Advisors LP bought a new position in Expedia Group in the 2nd quarter worth $57,957,000. 92.67% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

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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