Bank of Nova Scotia Sells 3,553 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Bank of Nova Scotia cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 21.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,904 shares of the online travel company's stock after selling 3,553 shares during the quarter. Bank of Nova Scotia's holdings in Expedia Group were worth $2,169,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Altman Advisors Inc. boosted its position in Expedia Group by 0.5% in the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after purchasing an additional 65 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Expedia Group by 14.1% during the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after buying an additional 69 shares in the last quarter. Foyston Gordon & Payne Inc lifted its position in shares of Expedia Group by 0.3% during the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after buying an additional 74 shares in the last quarter. Ascent Group LLC lifted its position in shares of Expedia Group by 3.2% during the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after buying an additional 76 shares in the last quarter. Finally, Seed Wealth Management Inc. lifted its position in shares of Expedia Group by 8.2% during the 1st quarter. Seed Wealth Management Inc. now owns 1,250 shares of the online travel company's stock valued at $210,000 after buying an additional 95 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPE has been the topic of a number of analyst reports. Truist Financial lowered their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. The Goldman Sachs Group lowered their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Piper Sandler cut Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Bank of America lifted their price objective on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Stock Performance

NASDAQ EXPE opened at $185.14 on Thursday. The company has a market cap of $23.53 billion, a P/E ratio of 21.83, a P/E/G ratio of 0.87 and a beta of 1.61. 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 business's 50 day moving average price is $175.62 and its 200-day moving average price is $172.60. Expedia Group, Inc. has a fifty-two week low of $111.08 and a fifty-two week high of $207.73.

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

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.

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