Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 6,280,000 shares, a drop of 8.9% from the August 15th total of 6,890,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the short-interest ratio is currently 2.2 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on EXPE shares. BTIG Research reduced their target price on Expedia Group from $ 235.00 to $ 150.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. Piper Sandler cut their price target on Expedia Group from $ 225.00 to $ 155.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. Credit Suisse Group cut their price target on Expedia Group to $ 216.00 in a research note on Tuesday, August 9th. UBS Group lifted their price target on Expedia Group from $ 108.00 to $ 112.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Finally, The Goldman Sachs Group cut their price target on Expedia Group from $ 206.00 to $ 173.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and an average target price of $ 166.42.
Insider Activity at Expedia Group
In related news, Director Jonathan L. Dolgen sold 1,000 shares of Expedia Group stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $ 101.55, for a total value of $ 101,550.00. Following the transaction, the director now directly owns 37,779 shares in the company, valued at approximately $ 3,836,457.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Jonathan L. Dolgen sold 1,000 shares of Expedia Group stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $ 101.55, for a total value of $ 101,550.00. Following the transaction, the director now directly owns 37,779 shares in the company, valued at approximately $ 3,836,457.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 636 shares of Expedia Group stock in a transaction on Monday, August 15th. The shares were sold at an average price of $ 114.04, for a total transaction of $ 72,529.44. Following the completion of the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $ 1,020,543.96. The disclosure for this sale can be found here. 7.52% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Expedia Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sierra Capital LLC lifted its position in Expedia Group by 817.2% during the 2nd quarter. Sierra Capital LLC now owns 266 shares of the online travel company’s stock worth $ 25,000 after acquiring an additional 237 shares in the last quarter. Ronald Blue Trust Inc. acquired a new position in Expedia Group during the 2nd quarter worth approximately $ 27,000. MCF Advisors LLC acquired a new position in shares of Expedia Group in the 1st quarter valued at approximately $ 28,000. FNY Investment Advisers LLC acquired a new position in shares of Expedia Group in the 1st quarter valued at approximately $ 29,000. Finally, Clear Street Markets LLC raised its position in shares of Expedia Group by 412.9% in the 2nd quarter. Clear Street Markets LLC now owns 318 shares of the online travel company’s stock valued at $ 30,000 after purchasing an additional 256 shares in the last quarter. 97.43% of the stock is owned by institutional investors and hedge funds.
Expedia Group Trading Up 2.1%
Shares of NASDAQ: EXPE traded up $ 2.14 during trading on Tuesday, reaching $ 104.63. 3,172,229 shares of the stock were exchanged, compared to its average volume of 3,135,090. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.85. Expedia Group has a 12-month low of $ 88.70 and a 12-month high of $ 217.72. The firm has a market cap of $ 16.49 billion, a price-to-earnings ratio of 51.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.58. The firm’s 50-day moving average price is $ 104.24 and its 200 day moving average price is $ 132.44.
Expedia Group (NASDAQ: EXPE – Get Rating) last issued its earnings results on Thursday, August 4th. The online travel company reported $ 1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.57 by $ 0.39. Expedia Group had a return on equity of 22.14% and a net margin of 4.26%. The business had revenue of $ 3.18 billion during the quarter, compared to analysts’ expectations of $ 2.99 billion. During the same quarter in the previous year, the business earned ($ 1.77) EPS. The company’s revenue for the quarter was up 50.7% on a year-over-year basis. On average, sell-side analysts anticipate that Expedia Group will post 5 earnings per share for the current fiscal year.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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