5 Best Stocks to Buy According to Billionaire Daniel Sundheim

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

Sundheim’s Stake Value: $891,862,000
Percentage of Daniel Sundheim’s 13F Portfolio: 6.6%
Number of Hedge Fund Holders: 86

Expedia Group, Inc. (NASDAQ: EXPE) operates as an online travel company globally. It was founded in 1996 and ranks first on the list of 10 best stocks to buy according to billionaire Daniel Sundheim. Expedia shares have returned 91.95% to investors during the course of the past 12 months.

On August 5, Expedia Group, Inc. (NASDAQ: EXPE) posted earnings results for the second quarter of 2021. The earnings per share was -$1.13, missing market predictions by $0.53. However, the revenue was $2.11 billion over the period, beating the estimates by $130 million. On July 14, ASG, an Alpine Investors portfolio firm, purchased hotel operations management platform ALICE from Expedia Group, Inc. (NASDAQ: EXPE). According to the business, ALICE is an all-in-one hotel operations platform utilized by over 25K hoteliers worldwide. On May 26, RBC Capital analyst Brad Erickson initiated a coverage on Expedia, rating the stock as “Sector Perform,” with a price target of $175. 

At the end of the first quarter of 2021, D1 Capital Partners owned more than 5.18 million shares in Expedia Group, Inc. (NASDAQ: EXPE), worth $891.86 million. This represented 6.6% of the investment portfolio of D1 Capital Partners. The company is also getting the attention of the smart money, as 86 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the first quarter of 2021, up from 76 funds a quarter earlier.

ClearBridge Investments, in its first-quarter 2021 investor letter, mentioned Expedia Group, Inc. (NASDAQ: EXPE). Here is what the fund 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.”

You can also take a peek at Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners and 10 Best Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann 

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