5 Best Cruise Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 80

Expedia Group, Inc. (NASDAQ:EXPE) is a Seattle-based online travel company. In addition to providing lodging and travel experiences, Expedia Cruise offers advice for travelers booking cruises. The company posted record-breaking numbers for the second quarter of 2022, and the stock got a boost from higher bookings and revenue. Expedia Group, Inc. (NASDAQ:EXPE) is one of the best cruise stocks to buy right now. 

On September 12, DA Davidson analyst Tom White maintained a Neutral rating on Expedia Group, Inc. (NASDAQ:EXPE) and lowered the price target on the shares to $122 from $195. The analyst updated his model to reflect the recent recovery in global travel demand, which he believes might be impacted by broader macro and inflation-related slowdowns in travel spending starting next year.

According to Insider Monkey’s data, 80 hedge funds were long Expedia Group, Inc. (NASDAQ:EXPE) at the end of Q2 2022, compared to 88 funds in the last quarter. Daniel Sundheim’s D1 Capital Partners is the leading stakeholder of the company, with 6.15 million shares worth $583.6 million. 

Here is what Carillon Tower Advisers specifically said about Expedia Group, Inc. (NASDAQ:EXPE) in its second quarter 2022 investor letter:

“Online travel company Expedia Group, Inc. (NASDAQ:EXPE) underperformed after posting quarterly results that were slightly below market expectations. The company’s results were negatively impacted by the omicron variant early on in the quarter and then later the war in Ukraine. Despite this, positive forward commentary from the company noted a recovery in booking trends that point toward these issues being temporary.”