5 Most Undervalued Travel Stocks To Buy According To Hedge Funds

In this piece, we will take a look at the five most undervalued travel stocks to buy according to hedge funds. If you want to take a deeper look at recent trends in the travel industry, then check out 12 Most Undervalued Travel Stocks To Buy According To Hedge Funds.

5. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Investors In Q2 2023: 40

Share Price Upside: 75%

United Airlines Holdings, Inc. (NASDAQ:UAL) is a large airline with more than a hundred thousand employees. The firm is currently in the news for bringing back a unique boarding approach through which it aims to board window seat passengers in economy class first to reduce aisle crowding.

40 out of the 910 hedge funds polled by Insider Monkey’s research were United Airlines Holdings, Inc. (NASDAQ:UAL)’s shareholders as of Q2 2023. Ken Griffin’s Citadel Investment Group owns the biggest stake among these, through its $272 million stake that comes via 4.9 million shares.

4. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Investors In Q2 2023: 44

Share Price Upside: 59%

Trip.com Group Limited (NASDAQ:TCOM) is a Chinese company that provides travel management, booking, and other associated services. Its shares are rated Strong Buy on average, and analysts have set an average share price target of $51.03.

During 2023’s June quarter, 44 among the 910 hedge funds surveyed by Insider Monkey had held a stake in the company. Trip.com Group Limited (NASDAQ:TCOM)’s largest hedge fund shareholder is Richard S. Pzena’s Pzena Investment Management due to its $230 million stake.

3. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Number of Hedge Fund Investors In Q2 2023: 45

Share Price Upside: 54%

Royal Caribbean Cruises Ltd. (NYSE:RCL) is the final cruise ship operator on our list. Its shares are also rated Strong Buy on average, and even as it faces criticism from customers for adding a fee for additional meals, the firm’s CEO is open to adding another fee through a fuel surcharge that reflects rising costs.

For their second quarter of 2023 investments, 45 out of the 910 hedge funds polled by Insider Monkey had bought and owned Royal Caribbean Cruises Ltd. (NYSE:RCL)’s shares. D. E. Shaw’s D E Shaw is the biggest investor in our database through its $395 million investment.

2. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Investors In Q2 2023: 56

Share Price Upside: 67%

Delta Air Lines, Inc. (NYSE:DAL) is the oldest airline on our list since it was set up in 1924. It’s also the first airline stock on our list which is rated Strong Buy on average, and the firm was forced to scale back changes to its loyalty program in October after customer protests.

During this year’s June quarter, 56 out of the 910 hedge funds tracked by Insider Monkey had invested in the airline. Delta Air Lines, Inc. (NYSE:DAL)’s largest stakeholder is Thomas E. Claugus’s GMT Capital since it owns $301 million worth of shares.

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

Number of Hedge Fund Investors In Q2 2023: 57

Share Price Upside: 35%

Expedia Group, Inc. (NASDAQ:EXPE) is a travel management company that caters to the needs of both corporate and retail users. Like other companies, it is also seeking to reduce its greenhouse emissions, and for this, the firm plans to achieve net zero carbon emissions by 2040.

After digging through 910 hedge funds for their Q2 2023 shareholdings, Insider Monkey discovered 57 Expedia Group, Inc. (NASDAQ:EXPE) shareholders. Out of these, Paul Reeder And Edward Shapiro’s PAR Capital Management is the biggest stakeholder since it owns 3.4 million shares that are worth $371 million.

Disclosure: None. You can also take a look at 12 Cheap Biotech Stocks Smart Investors Are Piling Into and 12 Most Expensive Luxury RVs in the World in 2023.

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