Scotia Capital Inc. Has $4.10 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Scotia Capital Inc. has increased its stake in Expedia Group, Inc. by 20.2%, now owning 24,371 shares valued at approximately $4.1 million.
• Expedia's stock ratings show a consensus of "Moderate Buy" among analysts, with a current price target of $189.38.
• The company recently announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 0.9%.

Scotia Capital Inc. increased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 20.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,371 shares of the online travel company's stock after purchasing an additional 4,100 shares during the period. Scotia Capital Inc.'s holdings in Expedia Group were worth $4,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the 4th quarter valued at about $27,000. Park Square Financial Group LLC acquired a new position in Expedia Group during the first quarter valued at approximately $34,000. Optiver Holding B.V. bought a new stake in Expedia Group during the fourth quarter worth $38,000. Banque Transatlantique SA acquired a new stake in shares of Expedia Group in the 4th quarter valued at $45,000. Finally, Larson Financial Group LLC increased its stake in shares of Expedia Group by 2,175.0% in the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

EXPE has been the subject of a number of research reports. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Wedbush restated a "neutral" rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. The Goldman Sachs Group lowered their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group lifted their target price on shares of Expedia Group from $166.00 to $182.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Truist Financial dropped their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.38.

Expedia Group Trading Up 3.9%

NASDAQ:EXPE opened at $184.99 on Tuesday. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm's 50 day moving average is $174.93 and its 200 day moving average is $172.45. The stock has a market capitalization of $23.52 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during 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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

About Expedia Group

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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