Top 5 Stock Picks of Jesse Ro’s Tiger Legatus Capital

4. Expedia Group Inc. (NASDAQ:EXPE)

Tiger Legatus Capital’s Stake Value: $5.1M

Percentage of Tiger Legatus Capital’s 13F Portfolio: 8.21%

Number of Hedge Fund Holdings: 88 

Headquartered in Seattle, Washington, Expedia Group Inc. (NASDAQ:EXPE) is an American online travel shopping company for consumer and small business travel. Their websites primarily constitute travel fare aggregators and travel metasearch engines, and as of the first quarter of 2022, Ro’s Tiger Legatus Capital owns 26,200 shares which are valued at $5.1 million.

Hedge fund sentiment around Expedia Group Inc. (NASDAQ:EXPE) seems to have picked up since Q4 2021, where only 82 hedge funds were long the stock, as compared to 88 in Q1 2022. On June 28, Piper Sandler analyst Thomas Champion bestowed an ‘Overweight’ rating on Expedia Group Inc. (NASDAQ:EXPE), maintaining the target price of $155.

Here is what Aristotle Capital Management had to say about Expedia Group Inc. (NASDAQ:EXPE) in their Q1 2022 investor letter:

Expedia (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.”