5 Cheap Stocks to Buy Today According to Media

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

Number of Hedge Fund Holders: 57  

Morgan Stanley in August named Expedia Group, Inc. (NASDAQ:EXPE) among its list of stocks that could see potential AI catalysts in the coming months. Expedia Group, Inc. (NASDAQ:EXPE) could announce generative AI features integration with its platform later this year.

As of the end of the second quarter 57 hedge funds out of the 910 hedge funds tracked by Insider Monkey reported owning stakes in Expedia Group, Inc. (NASDAQ:EXPE).

Aristotle Atlantic Core Equity Strategy made the following comment about Expedia Group, Inc. (NASDAQ:EXPE) in its first quarter 2023 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) provides online travel services for leisure and small business travelers. The company offers a wide range of travel shopping and reservation services, as well as provides real-time access to schedule, pricing and availability information for airlines, hotels and car rental companies. Expedia serves customers worldwide.

We see Expedia benefiting from the growth of booking travel online, both for leisure and in corporate travel. The company also benefits from rapid growth in alternative accommodations, vacation home rental, through VRBO. The main sources of revenue and profitability are from hotel and vacation home rental. Additionally Expedia has exposure to airline ticket sales and automobile rentals. Post the COVID-19 pandemic, Expedia’s debt has been reduced and share repurchase has resumed and we would expect a dividend to be reinstated.”