Bank of Nova Scotia Sells 14,965,201 Shares of Expedia Group, Inc. $EXPE

Bank of Nova Scotia lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 99.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,611 shares of the online travel company’s stock after selling 14,965,201 shares during the quarter. Bank of Nova Scotia’s holdings in Expedia Group were worth $11,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Motiv8 Investments LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC bought a new stake in Expedia Group in the 4th quarter valued at $26,000. JFS Wealth Advisors LLC lifted its position in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in Expedia Group in the 4th quarter valued at $29,000. Finally, DV Equities LLC acquired a new position in Expedia Group in the 4th quarter worth $46,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on 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 sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EXPE shares. Barclays increased their target price on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Wells Fargo & Company reduced their price objective on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. UBS Group dropped their target price 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. Jefferies Financial Group boosted their target price on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research report on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $288.64.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $259.94 on Monday. The stock has a 50 day moving average price of $244.54 and a 200 day moving average price of $243.69. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $31.85 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts predict that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Expedia Group Profile

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.