5 Best Vacation Stocks To Buy Now

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

Number of Hedge Fund Holders: 80     

Expedia Group. Inc. (NASDAQ:EXPE) operates as an online travel company worldwide. On August 26, Expedia Group, Inc. (NASDAQ:EXPE) commenced up to a $500 million cash tender offer to purchase debt securities. The company is benefiting from strong travel demand that has remained resilient despite macro headwinds. 

On September 12, DA Davidson analyst Tom White kept a Neutral rating on Expedia Group, Inc. (NASDAQ:EXPE) stock and lowered the price target to $122 from $195, noting that the firm would benefit from the recovery in global travel demand, yet broader macro and inflation-related slowdowns in travel spending remain headwinds. 

At the end of the second quarter of 2022, 80 hedge funds in the database of Insider Monkey held stakes worth $3 billion in Expedia Group. Inc. (NASDAQ:EXPE), compared to 88 in the previous quarter worth $6.3 billion.

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Expedia Group. Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:

“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.”