5 Best Travel Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 57

Expedia Group, Inc. (NASDAQ:EXPE) is one of the biggest travel tech companies in the world and does its business through Expedia.com, Triago, Hotels.com, Travelocity, Orbitz, Wotif, AirAsia, and Vrbo.

The number of hedge funds with a stake in Expedia Group, Inc. (NASDAQ:EXPE) went down from 62 in Q1 to 57 in Q2, according to Insider Monkey’s database. However, the total hedge funds investments grew from $2.07 billion in Q1 to $2.14 billion in Q2. Paul Reeder And Edward Shapiro’s PAR Capital Management was the most prominent stakeholder of the company in Q2 with 3.4 million shares worth $371.926 million.

Patient Capital Management talked about Expedia Group, Inc. (NASDAQ:EXPE) in its second quarter 2023 investor letter. Here is what it said:

“We like other names mostly ignored by the market for similar reasons. Names like Expedia Group, Inc. (NASDAQ:EXPE), General Motors (GM) and Delta Air Lines. These companies have strong returns on capital (14%+), good competitive positions, cheap valuations (all double-digit free cash flow yields), and are returning capital to shareholders. We trust the managements to take advantage of their depressed stock prices and create long-term shareholder value.”