In this article, we discuss the 5 best vacation stocks to buy now. If you want to read about some more vacation stocks, go directly to 13 Best Vacation Stocks To Buy Now.
5. The Boeing Company (NYSE:BA)
Number of Hedge Fund Holders: 51
The Boeing Company (NYSE:BA) designs, develops, manufactures, services, and supports products in the space and defense sector. China is planning sanctions on The Boeing Company (NYSE:BA) over their involvement in the recent US government sale of military equipment to Taiwan, news agency Reuters reported on September 16. The company reported 35 airplane deliveries in August, up from a five-month low of 26 aircraft deliveries in July.
On September 14, Jefferies analyst Sheila Kahyaoglu kept a Buy rating on The Boeing Company (NYSE:BA) stock and lowered the price target to $90 from $107, noting that investors are baking in Boeing stepping up MAX production beyond 31 per month in 2023.
At the end of the second quarter of 2022, 51 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in The Boeing Company (NYSE:BA), compared to 52 in the preceding quarter worth $1.4 billion.
4. Airbnb, Inc. (NASDAQ:ABNB)
Number of Hedge Fund Holders: 57
Airbnb, Inc. (NASDAQ:ABNB) operates a platform that enables hosts to offer stays and experiences to guests worldwide. It is one of the best travel stocks to buy according to hedge funds. Among the hedge funds being tracked by Insider Monkey, New York-based Renaissance Technologies is a leading shareholder in Airbnb, Inc. (NASDAQ:ABNB), with 5.6 million shares worth more than $499 million.
In its Q2 2022 investor letter, Brick By Brick Capital, an asset management firm, highlighted a few stocks and Airbnb, Inc. (NASDAQ:ABNB) was one of them. Here is what the fund said:
“What is millennial tech?
It is a term I have coined to describe the type of companies I research. It is a disruptive technology that is changing the status quo of a given industry. For example, Airbnb (NASDAQ:ABNB) with the lodging industry. This definition casts a wide net in terms of what sectors I look at, but it is very specific in terms of what type of companies I look at. I also believe focusing on these companies gives me an inherent edge over Wall St. as they are often older and disconnected from what is truly innovative..” (…read more)
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.”
2. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 93
Booking Holdings Inc. (NASDAQ:BKNG) provides travel and restaurant online reservation and related services. It is one of the premier travel stocks to buy according to hedge funds. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Booking Holdings Inc. (NASDAQ:BKNG), with 761,500 shares worth more than $1.3 billion.
In its Q2 2022 investor letter, L1 Capital International, an asset management firm, highlighted a few stocks and Booking Holdings Inc. (NASDAQ:BKNG) was one of them. Here is what the fund said:
“We have been increasing our investment in Booking Holdings Inc. (NASDAQ:BKNG) which now lies on the edge of the top 10 holdings. The investment thesis for Booking, the world’s largest online travel agent (OTA), was outlined in our inaugural June 2019 Quarterly Report. Back then, no-one could have envisaged the subsequent disruption to the travel industry caused by COVID-19. Today the world, outside of China, has adjusted to COVID-19 and life has largely returned to normal. Travel is rapidly normalising with domestic travel ahead of 2019 levels and international travel recovering strongly (see Figure 9)” (…read more)
1. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 109
The Walt Disney Company (NYSE:DIS) operates as an entertainment company worldwide. It is one of the top travel stocks to buy according to hedge funds. On September 16, Citi analyst Jason Bazinet kept a Buy rating on The Walt Disney Company (NYSE:DIS) stock and raised the price target to $305 from $275, noting that the value of the streaming service of the firm indicated that the service would command a premium in any deal.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in The Walt Disney Company (NYSE:DIS), with 6.5 million shares worth more than $618 million.
In its Q2 2022 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and The Walt Disney Company (NYSE:DIS) was one of them. Here is what the fund said:
“Walt Disney Company (NYSE:DIS) is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade prior to the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”
You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.
