Royal Bank Cuts Expedia Stake by 92%
Royal Bank of Canada significantly reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by selling 8,757,697 shares during the first quarter.
The bank's ownership in Expedia was reduced to 791,878 shares after the sale, which represents a decrease of about 91.7% from the previous period.
Royal Bank of Canada's stake in Expedia is now worth approximately $182,837,000 and accounts for around 0.65% of the company's outstanding shares.