10 Cheap NASDAQ Stocks To Invest In Now

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

Forward Price to Earnings Ratio: 15.13 

Earnings Growth: 22.00%

Number of Hedge Fund Holders: 56

Expedia Group, Inc. (NASDAQ:EXPE) is a prominent online travel company that helps people plan and book their trips. The company operates through three main segments including B2C, B2B, and Trivago. The Business to Consumer (B2C) segment is aimed directly at travelers and runs through well-known brands including Expedia.com, Hotels.com, Vrbo, Orbitz, and Travelocity. All the brands offer a wide variety of travel services, such as booking hotels, flights, car rentals, and vacation packages.

The company has been focusing on unifying its technology infrastructure to enhance user experience. Moreover, management launched the pivotal One Key loyalty program to boost customer retention in the B2C segment. Expedia Group, Inc. (NASDAQ:EXPE) has been gaining some momentum after its technology platforms in 2023. During the most recent quarter i.e. third quarter of fiscal 2024, the company improved its total gross bookings of $27.5 billion by 7% year-over-year. The growth was driven by strong performance in Brand Expedia and Vrbo. As a result, the overall revenue of the company improved 3% year-over-year to $4.1 billion.

While the quarterly performance of Expedia Group, Inc. (NASDAQ:EXPE) is impressive, what’s more attractive is its cheap valuation. EXPE is trading at only 15 times its forward earnings. Moreover, as global travel stabilizes the prospects for the company remain bright. It ranks as the 4th cheapest NASDAQ stock to invest in now.

Aristotle Large Cap Growth Strategy stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its Q3 2024 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) contributed to performance in the third quarter. The company reported better-than-expected second quarter earnings in August. The outlook for the year was reduced; however, the stock was trading at under 10x earnings at the time of the outlook reduction. The vacation home rental business Vrbo returned to growth. The significant return of capital continues with the share count having been reduced over the past year.”