5 Stocks To Buy According to Michael Burry

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

Percentage of Scion Asset Management’s portfolio as of Q2 2023: 0.62%

Expedia Group, Inc. (NASDAQ:EXPE) held the most weightage among stocks in Michael Burry’s Q2 portfolio. Burry’s firm owned 100,000 of the company shares worth $10.1 million, representing 0.62% of Scion’s portfolio. Expedia Group, Inc. (NASDAQ:EXPE) was a new addition to the firm’s portfolio in Q2 2023.

On August 7, Citigroup raised the price target on Expedia Group, Inc. (NASDAQ:EXPE) to $115 from $105. The firm maintained a Neutral rating on the stock.

Aristotle Atlantic Partners, LLC 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.”

Follow Expedia Group Inc. (NASDAQ:EXPE)

You can also look at the 20 Most Influential Economists in the World and the Bill Gates Stock Portfolio: August 2023 Update.

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