5 Latest Stock Picks of Legendary Investor Julian Robertson’s Tiger Management

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

Number of Hedge Fund Holders: 78    

Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel company. Tiger Management owned 18,900 shares in Expedia Group, Inc. (NASDAQ:EXPE) at the end of September 2021 worth $3 million, representing 0.57% of the portfolio of the fund. 

Expedia Group, Inc. (NASDAQ: EXPE) posted earnings for the third quarter on November 4, reporting earnings per share of $3.53, smashing expectations by $1.77. The revenue over the period was $2.9 billion, up over 97% year-on-year. 

At the end of the third quarter of 2021, 78 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in Expedia Group, Inc. (NASDAQ:EXPE), down from 87 in the previous quarter worth $5.9 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. 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.”