5 Leisure and Recreation Services Stocks to Buy

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

Number of Hedge Fund Holders: 65

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company that provides its services through Brand Expedia, Hotels.com, Vrbo, and more. The company is among our top leisure and recreation services stocks to buy.

Expedia Group, Inc. (NASDAQ:EXPE) has a consensus Buy rating among 13 analysts and its average price target of $160.56 implies an upside of 22.72% from the last price of $130.83, as of April 22.

In the fourth quarter of 2023, 65 hedge funds held positions in Expedia Group, Inc. (NASDAQ:EXPE), and their total stakes amounted to $3.905 billion. As of Q4 of 2023, ValueAct Capital is the most dominant shareholder in the company and has a position worth $645.345 million.

Chartwell Investment Partners, LLC stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its fourth quarter 2023 investor letter:

“Expedia Group is an online travel agency with brands including Expedia Group, Inc. (NASDAQ:EXPE), Vrbo, Hotels.com, Hotwire and Orbitz. Travel bookings improved in the quarter and the company’s initial outlook for 2024 called for accelerating revenue and earnings growth.”

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