5 Best Blue Chip Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 88

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company based in Seattle, Washington. It recently featured in Goldman Sachs list of stable stocks that are well-positioned within the current financial climate.

It was given an unchanged ‘Overweight’ rating by Piper Sandler analyst Thomas Champion on June 28, who views the firm’s B2B opportunity as “compelling,” and sees the segment poised for continued strong growth to reach $5 billion in sales by 2027. The analyst lowered the price target to $155 from $225 to reflect the overall market volatility. JMP Securities analyst Nicholas Jones, with a ‘Market Perform’ rating, was positive on Expedia Group, Inc.’s (NASDAQ:EXPE) strategic focus on driving stronger consumer relationships with heavier app usage and a loyalty program, as the firm begins to drive stronger gains and stabilize its market share.

Investor sentiment was up on Expedia Group, Inc. (NASDAQ:EXPE) shares. At the close of Q1 2022, 88 hedge funds held $6.33 billion worth of positions in the travel company, up from 82 hedge funds in the previous quarter.  Daniel Sundheim’s D1 Capital Partners held 7.61 million shares of Expedia Group, Inc. (NASDAQ:EXPE) worth $1.48 billion, making it the firm’s leading Q1 shareholder.

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

Expedia 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.”

You can also take a look at 15 Biggest Companies That Don’t Pay Dividends and 10 Best 5G Stocks To Buy Now.

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