Short Interest in Expedia Group, Inc. (NASDAQ:EXPE) Declines By 12.4%

Expedia Group, Inc. (NASDAQ:EXPE) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 6,112,405 shares, a drop of 12.4% from the December 31st total of 6,979,239 shares. Based on an average daily trading volume, of 1,454,739 shares, the days-to-cover ratio is presently 4.2 days. Currently, 5.5% of the shares of the company are sold short. Currently, 5.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,454,739 shares, the days-to-cover ratio is presently 4.2 days.

Expedia Group Trading Up 4.5%

NASDAQ EXPE opened at $276.67 on Tuesday. Expedia Group has a one year low of $130.01 and a one year high of $303.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $33.90 billion, a P/E ratio of 26.48, a P/E/G ratio of 0.86 and a beta of 1.42. The stock’s 50-day moving average is $278.30 and its 200-day moving average is $237.93.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the business earned $6.13 EPS. Expedia Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s payout ratio is currently 15.31%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price target on shares of Expedia Group from $220.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. KeyCorp started coverage on shares of Expedia Group in a research report on Wednesday, October 22nd. They set a “sector weight” rating for the company. BTIG Research raised their price target on Expedia Group from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. BMO Capital Markets upped their price objective on Expedia Group from $205.00 to $250.00 in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and an average price target of $290.10.

Insider Buying and Selling

In other news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director owned 2,916 shares in the company, valued at $752,328. This represents a 25.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 over the last three months. 9.13% of the stock is owned by corporate insiders.

Institutional Trading of Expedia Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $408,000. NewEdge Advisors LLC boosted its holdings in Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Expedia Group in the second quarter valued at $596,000. Mirae Asset Global Investments Co. Ltd. grew its position in Expedia Group by 7.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,803 shares of the online travel company’s stock valued at $2,666,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Expedia Group in the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.