On Jan. 06, Soliday Lance A divested U.S. $490,840 in shares of Expedia Group Inc.. The Chief Accounting Officer sold 3,506 shares at a price per share of $140.00. The transaction decreased this specific insider’s holdings to 6,962 shares worth around $1.0 million at present.
BofA Securities took its Expedia Group Inc. [EXPE] rating to the equivalent of a Buy from a Neutral, and the price target to $153, in a research note dated January 04, 2021. That figure represents around a 6.26% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with BofA Securities’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in early January. Meanwhile, Citigroup had lowered its rating on EXPE to “Neutral” from the earlier “Buy”, in a research note produced for clients December 10, 2020. In addition, there was a new coverage from Bernstein on December 01, 2020. The research firm rated EXPE “a Mkt perform”.
Is Expedia Group Inc. [NASDAQ:EXPE] a Good Buy Right Now?
It should be noted that EXPE technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Expedia Group Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 2.94 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 3.07 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 2.7 million shares.
EXPE Price Performance
On Wall Street, Expedia Group Inc. [NASDAQ:EXPE] finished Wednesday’s session up 4.58% at $143.42. The stock went up to $147.55 at the same session while its lowest single day price was $136.84. In the last five days, it saw a rise of about 9.23%, Expedia Group Inc. shares gained by almost 8.32% since the beginning of the year. However, the share price has dropped to as low as 3.97% below its one year high. On 01/06/21, the company shares recorded $147.55, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $128.31. The company’s shares have inclined by 30.36% in the past year. The 50-day SMA achieved is $120.47 while the 200-day SMA is $91.62. Volume gained to 4.56 million from 3.49 million in the previous session.
EXPE Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 137.66 level, and in case of violation of this particular level, it will cause more drop to 131.89 level. On the upper level, 153.31 is still the key resistance. The stock may increase to the subsequent resistance at 148.37. The Relative Strength Index (RSI) pinned on the 14-day chart is 76.58, implying an overbought technical stance while the MACD stands at 7.94, meaning price will increase in the next trading period. Percent R indicator moved to 15.07%, implying bullish price movement. Stochastic %K at 83.93% suggest selling the stock.
What is the short interest in Expedia Group Inc.?
Short interest in the Expedia Group Inc. stock has plunged, decreasing by -0.9 million shares to total 16.55 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 15.65 million, data from Yahoo Finance shows. The increase of 5.44% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 13.83% of the overall float for the stock.
Expedia Group Inc.’s Biggest Shareholders: Who Owns Expedia Group Inc. [EXPE]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 13,844,336 shares or roughly 10.18% of the outstanding EXPE shares. This means their shares have reduced by -273,417 from the 13,844,336 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Melvin Capital Management LP updated stake is worth $1,274,484,800. Details in the latest 13F filings reveal that D1 Capital Partners LLC acquired their 56.55% stake valued at $1,153,757,385 while Artisan Partners LP added theirs at $907,098,003. During the last quarter, D1 Capital Partners LLC raised 3,347,872 of its shares in Expedia Group Inc. while Artisan Partners LP bought 276,730 shares. The Fidelity Management & Research Co’s holdings currently number 6,687,989 shares at $959191382.38. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 6,352,349 shares, roughly $790,803,927.
EXPE Earnings Forecast For The Current Quarter
Expedia Group Inc. [EXPE] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.14B and an earnings per share of -$1.91 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.4B at an EPS of -$1.65 for Mar 2021. The estimates represent downside of 46.30% and 108.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
EXPE Earnings Estimates For The Current Year
For the financial year, Expedia Group Inc. [NASDAQ:EXPE] is expected to bring in revenue of $5.4B. The returns are nearly $-6.67 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -7.83, lower than that of FY19 by -$13.98. Estimates put this year’s earnings growth at -227.30%, 108.20% for the next, and at an annual -17.95% over the next 5-year period. As for sales, forecasts are for a decrease of -55.20% in the current fiscal year and a further 46.30% over the following year.
What are analyst thoughts on Expedia Group Inc.?
Looking forward to the Expedia Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Expedia Group Inc. stock at $117.00 within the next 12 months, which represents almost -22.58 per cent growth from its previous closing price of $143.42. The highest analysts’ target for Expedia Group Inc. stock projections is $153.00 and the lowest one is $88.00. Still, 32 analysts sharing their consensus rating for EXPE stock in 2021 agree that it is an Overweight.