Expedia Group, Inc. (NASDAQ:EXPE) Short Interest Update

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 7,280,000 shares, an increase of 26.0% from the May 15th total of 5,780,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 3.0 days. Approximately 6.0% of the shares of the company are sold short.

Institutional Trading of Expedia Group

Large investors have recently bought and sold shares of the company. Altman Advisors Inc. boosted its position in shares of Expedia Group by 0.5% in the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after buying an additional 65 shares in the last quarter. UMB Bank n.a. raised its position in Expedia Group by 14.1% during the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after acquiring an additional 69 shares during the last quarter. Metis Global Partners LLC raised its position in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after acquiring an additional 74 shares during the last quarter. Diametric Capital LP lifted its holdings in shares of Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after purchasing an additional 74 shares in the last quarter. Finally, Foyston Gordon & Payne Inc grew its position in shares of Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EXPE shares. JPMorgan Chase & Co. dropped their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Susquehanna dropped their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Morgan Stanley reduced their price objective on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Oppenheimer decreased their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Price Performance

EXPE traded up $2.42 on Friday, hitting $164.88. 2,560,390 shares of the company were exchanged, compared to its average volume of 1,906,432. Expedia Group has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $20.96 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business's fifty day moving average is $163.08 and its 200 day moving average is $173.94.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. During the same period last year, the firm earned $0.21 EPS. Expedia Group's revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Expedia Group will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Expedia Group's payout ratio is 18.87%.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.