Royal Bank of Canada Has $182.84 Million Position in Expedia Group, Inc. $EXPE

Royal Bank of Canada cut its stake in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 91.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,878 shares of the online travel company’s stock after selling 8,757,697 shares during the quarter. Royal Bank of Canada’s holdings in Expedia Group were worth $182,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Motiv8 Investments LLC acquired a new position in Expedia Group in the 4th quarter valued at about $25,000. Entrust Financial LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $26,000. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group during the fourth quarter worth approximately $29,000. Sunbelt Securities Inc. boosted its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the period. Finally, DV Equities LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $46,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 2.9%

Shares of NASDAQ:EXPE opened at $304.27 on Thursday. The company has a market capitalization of $37.29 billion, a P/E ratio of 26.78, a P/E/G ratio of 0.77 and a beta of 1.23. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $312.40. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50 day simple moving average is $249.15 and its 200 day simple moving average is $243.55.

Expedia Group (NASDAQ:EXPEGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, research analysts anticipate that Expedia Group, Inc. will post 17.04 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Analyst Ratings Changes

EXPE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. B. Riley Financial decreased their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, April 27th. UBS Group lowered their price objective on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. DA Davidson dropped their target price on Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Finally, Robert W. Baird lifted their target price on Expedia Group from $290.00 to $294.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $288.64.

View Our Latest Analysis on Expedia Group

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by insiders.

About Expedia Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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