5 Best Cruise Stocks to Buy Now

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

Number of Hedge Fund Holders: 86

Expedia Group, Inc. (NASDAQ: EXPE) is an online travel company operating in the US and internationally. It has three segments, namely the Retail, B2B, and trivago segments. The company’s brand portfolio includes Brand Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, CheapTickets travel websites, ebookers, Trivago, and a range of other brands. The company ranks 2nd on our list of the best cruise stocks to buy now.

On June 10th, Expedia Group, Inc. (NASDAQ: EXPE)  was among the stocks referred to as “attractive momentum” picks by Wells Fargo. In the first quarter of 2021, Expedia Group, Inc. (NASDAQ: EXPE) had EPS of -$2.02, beating estimates by $0.26. Its revenue for the quarter came in at $1.25 billion, beating estimates by $134.56 million. The company has a gross profit margin of 67.85%. The stock has gained 33.46% in the past 6 months and 28.98% year to date.

By the end of the first quarter of 2021, 86 hedge funds out of the 866 tracked by Insider Monkey held stakes in Expedia Group, Inc. (NASDAQ: EXPE). Their total stake value was roughly $6.15 billion. This is compared to 76 hedge fund holders with a total stake value of roughly $6.59 billion in the previous quarter.

ClearBridge Investments, an investment management firm, mentioned Expedia Group, Inc. (NASDAQ: EXPE) in their first-quarter 2021 investor letter. Here’s what they said:

“Several of our better performers in the first quarter were purchased while their business models were under stress from COVID restrictions or the macro environment the pandemic created. What gave us confidence in purchasing Expedia were the actions the company took to extend out their balance sheets until travel resumed. It should benefit as a broader vaccination rollout prompts cruise lines to resume operations and consumers to start traveling again and are positioned to deliver better margins and gain pricing power as the economy normalizes due to the cost controls implemented during the downturn.”