5 Best Seasonal Stocks to Buy Now

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

Number of Hedge Fund Holders: 87

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company that provides travel services for leisure and small business travelers. Along with this, the company also offers travel shopping and reservation services and has over 3 million properties in 70 countries. Expedia Group, Inc. (NASDAQ:EXPE) stands second on our list of the best seasonal stocks to buy now.

Recently, Goldman Sachs initiated coverage on Expedia Group, Inc. (NASDAQ:EXPE) with a ‘Buy’ rating and a $185 price target. Eric Sheridan, the firm’s analyst, believed that the company poses a positive revenue growth in the coming quarters. In Q2 2021, Expedia Group, Inc. (NASDAQ:EXPE) posted revenue of $2.11 billion, showcasing a 272.8% year-over-year growth. The company attributed this growth to the improvement in the global travel sector, as it has also benefited from strong vacation rental performance. Since the beginning of the year, Expedia Group, Inc. (NASDAQ:EXPE) delivered a 15.9% return to shareholders, while its 12-month returns came in at 62.3%.

Daniel Sundheim’s D1 Capital Partners is the company’s leading shareholder with over 7.5 million shares, worth $1.23 billion. As of Q2 2021, 87 hedge funds tracked by Insider Monkey have positions in Expedia Group, Inc. (NASDAQ:EXPE), up from 86 in the previous quarter. These stakes are valued at over $5.9 billion.

ClearBridge Investments released its first-quarter 2020 investor letter and mentioned Expedia Group, Inc. (NASDAQ:EXPE) in it. Here is what the firm has to say:

“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.”