5 Best Airline Stocks To Buy Today

Page 5 of 5

1. Expedia Group, Inc. (NASDAQ:EXPE)

Number of Hedge Fund Holders: 87

Expedia Group, Inc. (NASDAQ:EXPE) tops the list of 10 best airline stocks to buy today. Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company that provides airline booking services to clients all over the world. The company has over 500 airline partners globally. In addition, the travel company provides online booking for hotel accommodations, tours, and restaurants. 

On September 13, Goldman Sachs analyst Eric Sheridan initiated a Buy rating on Expedia Group, Inc. (NASDAQ:EXPE) with a price target of $185 per share. 

The company’s second-quarter revenue was $2.11 billion, up 273% year over year, and beat revenue estimates by $128 million. Air revenue accounted for 4% of overall revenue in the second quarter and the segment revenue grew mostly due to the increase in tickets sold as air travel demand improved.

Expedia Group, Inc. (NASDAQ:EXPE) stock gained 2.2% on September 24 after CEO Peter Kern revealed that the company had just merged its loyalty rewards programs into one system. In addition, Expedia Group, Inc. (NASDAQ:EXPE) also invested in standardizing group data and algorithms to enhance traffic in its travel booking app and website, which has already starting to pay off with more testing and user information. The stock gained 28.4%, year to date.

At the end of the second quarter of 2021, 87 hedge funds in the database of Insider Monkey held stakes worth $5.92 billion in Expedia Group, Inc. (NASDAQ:EXPE), up from 86 in the previous quarter worth $6.16 billion.

You can also take a peek at the 10 Stocks Better than Walmart (WMT) According to Hedge Funds and Growth Stock Portfolio: 10 Stock Picks By Hedge Funds.

Page 5 of 5