5 Best Travel Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 82    

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel firm. It is one of the biggest travel firms globally. At the end of 2020, it had 3 million lodging properties, 800 thousand hotels, and 500 airline companies available on the platform. These were spread in more than 200 countries. In the wake of the pandemic, the firm has employed manyu cost-saving initiatives that will bring in savings worth $900 million. Since it concentrates on the US market, there is plenty of room for the firm to grow in the continental Europe segment in the coming years. 

On April 19, Citi analyst Ronald Josey assumed coverage of Expedia Group, Inc. (NASDAQ: EXPE) stock with a Neutral rating and a price target of $200, noting that consumer engagement online was growing and immersive, benefiting travel stocks. 

At the end of the fourth quarter of 2021, 82 hedge funds in the database of Insider Monkey held stakes worth $7.4 billion in Expedia Group, Inc. (NASDAQ:EXPE), up from 71 in the previous quarter worth $6.4 billion.

In its Q4 2021 investor letter, Heartland Advisors, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:

“The run-up in equity prices over the past year and a half has narrowed the pool of attractively valued businesses. Economically sensitive areas of the market, in particular, have seen valuations stretched—but the impact of investor exuberance is evident in share prices of companies throughout the broader market. In our view, the elevated valuations commanded by many stocks have heightened risks and dampened upside potential.

In response to this backdrop, we continue to focus on finding and owning companies that are poised to succeed against a variety of backdrops or those that are priced at significant discounts to peers regardless of the sector or industry. Recent addition Expedia Group, Inc. (NASDAQ:EXPE) is an example of the type of business we’ve found attractive.”