Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 7,210,000 shares, an increase of 14.8% from the August 31st total of 6,280,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 2.7 days.
Expedia Group Stock Down 0.6%
Shares of EXPE stock traded down $ 0.52 during trading hours on Friday, hitting $ 93.69. 2,452,602 shares of the company were exchanged, compared to its average volume of 2,530,762. 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 one year low of $ 88.70 and a one year high of $ 217.72. The business’s 50-day simple moving average is $ 103.96 and its two-hundred day simple moving average is $ 127.12. The stock has a market capitalization of $ 14.76 billion, a price-to-earnings ratio of 46.61, a P / E / G ratio of 1.33 and a beta of 1.58.
Expedia Group (NASDAQ: EXPE – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The online travel company reported $ 1.50 EPS for the quarter, topping the consensus estimate of $ 0.97 by $ 0.53. Expedia Group had a net margin of 4.26% and a return on equity of 22.14%. The business had revenue of $ 3.18 billion for the quarter, compared to analysts’ expectations of $ 2.99 billion. During the same quarter last year, the company posted ($ 1.77) earnings per share. The company’s quarterly revenue was up 50.7% compared to the same quarter last year. Sell-side analysts predict that Expedia Group will post 5.04 EPS for the current fiscal year.
Insiders Place Their Bets
In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $ 114.04, for a total transaction of $ 72,529.44. Following the transaction, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at approximately $ 1,020,543.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Lance A. Soliday sold 636 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $ 114.04, for a total transaction of $ 72,529.44. Following the completion of the sale, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $ 1,020,543.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan L. Dolgen sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $ 101.55, for a total value of $ 101,550.00. Following the sale, the director now owns 37,779 shares of the company’s stock, valued at $ 3,836,457.45. The disclosure for this sale can be found here. Corporate insiders own 7.52% of the company’s stock.
Hedge Funds Weigh In On Expedia Group
Large investors have recently bought and sold shares of the business. Ronald Blue Trust Inc. bought a new position in Expedia Group in the second quarter worth about $ 27,000. MCF Advisors LLC bought a new position in Expedia Group in the first quarter worth about $ 28,000. FNY Investment Advisers LLC bought a new position in Expedia Group in the first quarter worth about $ 29,000. Parkside Financial Bank & Trust increased its stake in shares of Expedia Group by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $ 36,000 after purchasing an additional 58 shares during the period. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Expedia Group during the first quarter valued at approximately $ 44,000. Institutional investors own 97.43% of the company’s stock.
Analyst Upgrades and Downgrades
EXPE has been the subject of a number of research analyst reports. Evercore ISI dropped their price objective on Expedia Group from $ 222.00 to $ 154.00 and set an “in-line” rating for the company in a report on Thursday, July 7th. Susquehanna Bancshares dropped their price objective on Expedia Group from $ 145.00 to $ 115.00 and set a “neutral” rating for the company in a report on Friday, August 12th. Atlantic Securities lowered their price target on Expedia Group to $ 125.00 in a report on Tuesday, August 9th. Truist Financial lowered their price target on Expedia Group from $ 240.00 to $ 185.00 and set a “buy” rating for the company in a report on Thursday, July 14th. Finally, Credit Suisse Group lowered their price target on Expedia Group to $ 216.00 in a report on Tuesday, August 9th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $ 166.42.
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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