Carillon Tower Advisers: “Expedia Group (EXPE) is Optimistic as Booking Trends Have Improved”

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The second quarter witnessed a poor overall performance of mid-cap stocks. The Russell Midcap Growth Index was down 21.07% and fell more compared to its counterpart Russell Midcap Value Index (down 14.68%). In the quarter, all sector returns were negative for the Russell Midcap Growth Index due to market volatility. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers discussed stocks like Expedia Group, Inc. (NASDAQ:EXPE) in its second quarter 2022 investor letter. Headquartered in  Seattle, Washington, Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company. On September 2, 2022, Expedia Group, Inc. (NASDAQ:EXPE) stock closed at $102.10 per share. One-month return of Expedia Group, Inc. (NASDAQ:EXPE) was -3.11% and its shares lost 28.42% of their value over the last 52 weeks. Expedia Group, Inc. (NASDAQ:EXPE) has a market capitalization of $16.087 billion.

Here is what Carillon Tower Advisers specifically said about Expedia Group, Inc. (NASDAQ:EXPE):

“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.”

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Expedia Group, Inc. (NASDAQ:EXPE) is in 29th position on the list of 30 Most Popular Stocks Among Hedge Funds. Expedia Group, Inc. (NASDAQ:EXPE) was held by 80 hedge fund portfolios at the end of the second quarter compared to 88 in the previous quarter.

We discussed Expedia Group, Inc. (NASDAQ:EXPE) in another article and shared ClearBridge Investments’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.