Russia-Ukraine War is Crushing These 5 Stocks

In this article, we discuss 5 stocks that the Russia-Ukraine war is crushing. If you want to read about some more stocks that are being crushed by the Russia-Ukraine war, go directly to Russia-Ukraine War is Crushing These 10 Stocks.

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

Number of Hedge Fund Holders: 88    

Year-to-Date Decline in Share Price as of July 8: 47.72%

Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel firm. The Russian invasion of Ukraine has disrupted travel and tourism in Europe, affecting the post-pandemic boom in travel. A decline in consumer spending due to rising inflation has also affected the shares. In early March, the company announced that it had ceased offering travel and tourism services to Russia. However, services to Moscow from two destinations in the US still continue to be offered, per the website of the firm. 

On July 7, Evercore ISI analyst Mark Mahaney maintained an In Line rating on Expedia Group, Inc. (NASDAQ: EXPE) stock and lowered the price target to $154 from $222, noting that high cost inflation pressures were weighing on large cap internet stocks. 

At the end of the first quarter of 2022, 88 hedge funds in the database of Insider Monkey held stakes worth $6.3 billion in Expedia Group, Inc. (NASDAQ:EXPE), up from 82 in the previous quarter worth $7.4 billion.

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:

“Expedia Group, Inc. (NASDAQ:EXPE) 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.”