National Bank of Canada FI Buys 32,316 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• National Bank of Canada FI increased its stake in Expedia Group by 51.9% in Q1, acquiring an additional 32,316 shares, bringing its total ownership to 94,574 shares valued at approximately $15.9 million.
• Expedia Group reported earnings of $4.24 per share for the last quarter, exceeding analysts' estimates and showing a 6.4% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.40 per share, amounting to an annualized yield of 0.8%, with a payout ratio of 19.61%.

National Bank of Canada FI lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 51.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,574 shares of the online travel company's stock after acquiring an additional 32,316 shares during the period. National Bank of Canada FI owned 0.07% of Expedia Group worth $15,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EXPE. Altman Advisors Inc. boosted its position in shares of Expedia Group by 0.5% during the 1st 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 in the last quarter. UMB Bank n.a. boosted its holdings in Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after acquiring an additional 69 shares in the last quarter. Foyston Gordon & Payne Inc boosted its holdings in Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after acquiring an additional 74 shares in the last quarter. Ascent Group LLC grew its stake in Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after acquiring an additional 76 shares during the period. Finally, Smithfield Trust Co increased its holdings in shares of Expedia Group by 2.9% during the first quarter. Smithfield Trust Co now owns 3,265 shares of the online travel company's stock valued at $550,000 after acquiring an additional 93 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

EXPE stock opened at $192.63 on Tuesday. The firm has a 50 day moving average of $177.16 and a 200-day moving average of $172.82. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 12 month low of $126.33 and a 12 month high of $213.00. The firm has a market capitalization of $24.49 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the business posted $3.51 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EXPE shares. Piper Sandler lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday. B. Riley lifted their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday. Susquehanna reissued a "neutral" rating and set a $200.00 target price (up from $175.00) on shares of Expedia Group in a research report on Monday. Truist Financial dropped their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group decreased their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $206.04.

Expedia Group 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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