5 Stocks to Buy in April According to Jim Cramer

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

Number of Hedge Fund Holders: 82    

Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel firm. During the Discussed Stock segment of his show on April 11, Cramer identified six travel and leisure stocks expected to benefit from the “great reopening, even if the Fed really hits the brakes on the economy.” Expedia was among these stocks that Cramer noted would give investors growth at a reasonable price. 

On April 7, Argus analyst John Staszak maintained a Buy rating on Expedia Group, Inc. (NASDAQ: EXPE) stock with a price target of $220, backing the firm to post above-peer-earnings growth this year as bookings increased. 

At the end of the fourth quarter of 2021, 82 hedge funds in the database of Insider Monkey held stakes worth $7.4 billion in Expedia Group, Inc. (NASDAQ:EXPE), up from 71 in the previous quarter worth $6.4 billion.

In its Q4 2021 investor letter, Heartland Advisors, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:

“The run-up in equity prices over the past year and a half has narrowed the pool of attractively valued businesses. Economically sensitive areas of the market, in particular, have seen valuations stretched—but the impact of investor exuberance is evident in share prices of companies throughout the broader market. In our view, the elevated valuations commanded by many stocks have heightened risks and dampened upside potential.

In response to this backdrop, we continue to focus on finding and owning companies that are poised to succeed against a variety of backdrops or those that are priced at significant discounts to peers regardless of the sector or industry. Recent addition Expedia Group, Inc. (NASDAQ:EXPE) is an example of the type of business we’ve found attractive.”