5 Stocks You Should Sell in 2022 According to Billionaire Dan Loeb

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

Number of Hedge Fund Holders: 88

Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel company in the United States and internationally. The company has three primary business segments: Retail, B2B, and Trivago. On June 19, Goldman Sachs released its list of stable stocks that the bank is recommending for these market conditions, and Expedia Group, Inc. (NASDAQ:EXPE) was among the bank’s top consumer discretionary picks.

On June 16, Citi analyst Ronald Josey lowered his price target on Expedia Group, Inc. (NASDAQ:EXPE) to $118 from $200 and reiterated a Neutral rating on the shares.

Expedia Group, Inc. (NASDAQ:EXPE) might be viewed as a stable investment option by Goldman Sachs’ analysts. However, not all investors and analysts think alike. In the first quarter of 2022, Third Point fully discarded its previous stakes of $236.26 million in the company and exited its position.

Insider Monkey found 88 hedge funds long Expedia Group, Inc. (NASDAQ:EXPE) at the end of Q1 2022. The total stakes of these hedge funds came in at $6.33 billion. This is compared to 82 positions in the previous quarter with stakes worth $7.48 billion.

Aristotle Capital Management shared its views on Expedia Group, Inc. (NASDAQ:EXPE) in its “Aristotle Focus Growth Fund” first-quarter 2022 investor letter. Here is what the firm said:

“Expedia outperformed in the first quarter following a better-than-expected earnings report for the company’s fourth quarter of 2021. During the pandemic, the company reduced expenses which has improved operating leverage as revenue recovers. Expectations for travel in 2022 have improved as COVID cases have declined.”