Expedia Group Inc (NASDAQ:EXPE) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 5,842,400 shares, a drop of 31.3% from the July 31st total of 8,509,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 3.6 days. Approximately 4.8% of the shares of the company are short sold.
A number of research analysts have commented on the company. Needham & Company LLC assumed coverage on Expedia Group in a report on Monday, May 20th. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on Expedia Group from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Citigroup set a $140.00 target price on Expedia Group and gave the stock a “hold” rating in a report on Friday, July 26th. BidaskClub downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group raised their price target on Expedia Group from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Expedia Group currently has a consensus rating of “Buy” and an average target price of $152.43.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the transaction, the director now owns 477,677 shares of the company’s stock, valued at approximately $63,521,487.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan C. Athey sold 2,425 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the transaction, the director now directly owns 1,462 shares in the company, valued at approximately $196,770.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,449 shares of company stock worth $7,754,611. 20.96% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in EXPE. Glen Harbor Capital Management LLC increased its position in shares of Expedia Group by 7.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 33,694 shares of the online travel company’s stock valued at $4,482,000 after purchasing an additional 2,244 shares during the period. MML Investors Services LLC increased its position in shares of Expedia Group by 0.9% during the 1st quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after purchasing an additional 109 shares during the period. Avestar Capital LLC increased its position in shares of Expedia Group by 11,125.0% during the 2nd quarter. Avestar Capital LLC now owns 1,347 shares of the online travel company’s stock valued at $160,000 after purchasing an additional 1,335 shares during the period. Greencape Capital Pty Ltd increased its position in shares of Expedia Group by 0.9% during the 1st quarter. Greencape Capital Pty Ltd now owns 189,821 shares of the online travel company’s stock valued at $22,589,000 after purchasing an additional 1,600 shares during the period. Finally, Riverhead Capital Management LLC increased its position in shares of Expedia Group by 310.2% during the 1st quarter. Riverhead Capital Management LLC now owns 16,662 shares of the online travel company’s stock valued at $1,983,000 after purchasing an additional 12,600 shares during the period. 80.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ EXPE traded up $0.65 during mid-day trading on Friday, hitting $132.30. The company had a trading volume of 810,720 shares, compared to its average volume of 1,598,503. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.67 and a beta of 1.07. Expedia Group has a 12 month low of $108.11 and a 12 month high of $144.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $130.50 and its two-hundred day simple moving average is $126.35.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.07. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Equities analysts forecast that Expedia Group will post 5.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.36 annualized dividend and a yield of 1.03%. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s payout ratio is presently 28.27%.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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