5 Tech Stocks to Buy According to Billionaire Stanley Druckenmiller

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In this article, we discuss the top 5 tech stocks to buy according to billionaire Stanley Druckenmiller. If you want our detailed analysis of these stocks, go directly to 10 Tech Stocks to Buy According to Billionaire Stanley Druckenmiller

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

Stanley Druckenmiller’s Stake Value: $149,851,000

Percentage of Stanley Druckenmiller’s 13F Portfolio: 4.86%

Number of Hedge Fund Holders: 78

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company facilitating customers with its travel fare aggregators and travel metasearch engines, including Expedia.com, Travelocity, and Hotels.com, among others. Increasing his stake in Expedia Group, Inc. (NASDAQ:EXPE) by 81% in the third quarter, Druckenmiller holds 914,282 shares of the company, worth $129.85 million, representing 4.86% of the billionaire’s total Q3 securities. 

Expedia Group, Inc. (NASDAQ:EXPE) announced on November 4 its Q3 results, with an EPS of $3.53, beating estimates by $1.77. The revenue totaled $2.96 billion, up almost 97% from the preceding-year quarter, exceeding estimates by $243.16 million. 

On December 2, as part of his research on the online travel sector, UBS analyst Lloyd Walmsley initiated coverage of Expedia Group, Inc. (NASDAQ:EXPE) with a Neutral rating and a $173 price target.

Daniel Sundheim’s D1 Capital Partners is the leading Expedia Group, Inc. (NASDAQ:EXPE) stakeholder, holding a $1.88 billion position in the company as of September end. Of the 867 hedge funds tracked by Insider Monkey in the third quarter, 78 funds were long Expedia Group, Inc. (NASDAQ:EXPE), down from 87 funds in the prior quarter. 

Here is what ClearBridge Investments has to say about Expedia Inc. (NASDAQ:EXPE) in its Q1 2021 investor letter:

“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.”

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