An Analysis of Expedia Group Inc. (EXPE)’s Potential Price Growth

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Expedia Group Inc.’s recently made public that its Chief Accounting Officer Soliday Lance A unloaded Company’s shares for reported $63617.0 on Nov 15. In the deal valued at $100.18 per share,635 shares were sold. As a result of this transaction, Soliday Lance A now holds 8,949 shares worth roughly $ 1.03 million.

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Then, Dolgen Jonathan L sold 1,000 shares, generating $101,554 in total proceeds. Upon selling the shares at $101.55, the Director Emeritus now owns 37,779 shares.

Before that, Soliday Lance A sold 636 shares. Expedia Group Inc. shares valued at $72,532 were divested by the Chief Accounting Officer at a price of $114.04 per share. As a result of the transaction, Soliday Lance A now holds 8,949 shares, worth roughly $1.03 million.

Oppenheimer upgraded its Expedia Group Inc. [EXPE] rating to an Outperform from a a Perform in a research note published on Tuesday. PT values the company’s stock at a premium of 4.02 to its Tuesday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early December from “a Peer perform” to “an Underperform”. Redburn revised its rating on May 18, 2022. It rated EXPE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of EXPE

On Tuesday, Expedia Group Inc. [NASDAQ:EXPE] saw its stock fall -0.48% to $115.17. On the same session, the stock had its day’s lowest price of $114.92, but rose to a high of $116.93. Over the last five days, the stock has gained 8.09%. Expedia Group Inc. shares have risen nearly 31.47% since the year began. Nevertheless, the stocks have fallen -33.97% over the past one year. While a 52-week high of $217.72 was reached on 01/24/23, a 52-week low of $82.39 was recorded on 01/03/23. SMA at 50 days reached $96.89, while 200 days put it at $110.12. A total of 2.02 million shares were traded, compared to the trading of 2.51 million shares in the previous session.

Levels Of Support And Resistance For EXPE Stock

The 24-hour chart illustrates a support level at 114.42, which if violated will result in even more drops to 113.66. On the upside, there is a resistance level at 116.43. A further resistance level may holdings at 117.68. The Relative Strength Index (RSI) on the 14-day chart is 75.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.21%. Stochastics %K at 97.46% indicates the stock is a selling.

How much short interest is there in Expedia Group Inc.?

A steep rise in short interest was recorded in Expedia Group Inc. stocks on Oct 13, 2022, dropping by -1.2 million shares to a total of 6.01 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 7.21 million shares. There was a decline of -19.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.33.

Expedia Group Inc. [EXPE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,269,995 shares, or roughly 10.81% of the outstanding EXPE shares. In other words, the investor’s shares have risen by 261,061 from its previous 13-F filing of 16008934.0. Additionally, BlackRock Fund Advisors decreased -0.60% of its stake after which the total value it holdings stand at $653,951,432, while SSgA Funds Management, Inc. added 0.65% of its stake to hold $501.71 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -1,692,126 shares of Expedia Group Inc., while Artisan Partners LP sold -58,454 shares. At present, PAR Capital Management, Inc. is holding 3,955,000 shares valued at $346.46 million. D1 Capital Partners LP owned 3,292,637 shares of the company at the time of its most recent 13F filing, worth $288.44 million.

According to FactSet, Expedia Group Inc.’s share price will average $125.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.69 percent from its previous closing price of $115.73. Analysts expect Expedia Group Inc. stock to reach the higher price of $176.00, while the lowest price estimate is $85.00. However, 30 analysts have rated EXPE stock as an Overweight in their predictions for 2023.

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