5 Most Undervalued Travel Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 76

PE Ratio as of January 27: 13.76

Expedia Group, Inc. (NASDAQ:EXPE) is one of the most notable players in the online travel space. In December, Goldman Sachs added Expedia Group, Inc. (NASDAQ:EXPE) in its list of stocks that are exposed to the travel theme in 2023. Expedia Group, Inc. (NASDAQ:EXPE) said in a note to investors that amid the post-pandemic travel rebound, the evolution in the travel industry involves “taking more of the consumer wallet per trip” and marketing leverage. The firm says Expedia Group, Inc. (NASDAQ:EXPE) is one of the top players most exposed to this theme

A total of 76 hedge funds tracked by Insider Monkey had stakes in Expedia Group, Inc. (NASDAQ:EXPE) as of the end of the third quarter. The total value of these stakes was $2.9 billion. The biggest stakeholder of Expedia Group, Inc. (NASDAQ:EXPE) was PAR Capital Management managed by Paul Reeder and Edward Shapiro.

Here is what Miller Value Partners specifically said about Expedia Group, Inc. (NASDAQ:EXPE) in its Q3 2022 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) ($92.69) has a high teens free cash flow yield, trades at 14x 2022 and 10x 2023 earnings. We believe it can sustain earnings per share growth in the mid-teens. It massively improved its business and margins during the pandemic, has repaired its balance sheet and is chaired by an amazing capital allocator, Barry Diller. We think it’s worth more than double the current price.”