Expedia Group (EXPE) Surged as Results Exceeded Expectations

Invesco Distributors, Inc., an investment management firm, released its “Invesco Small Cap Value Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, the fund outperformed the benchmark due to stock selection and an overweight in industrials. Despite elevated short-term fears, the firm identified long-term intrinsic value upside across diverse industries. Fund remained overweight in economically sensitive stocks compared to benchmark and peers. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

In its fourth quarter 2024 investor letter, Invesco Small Cap Value Fund emphasized stocks such as Expedia Group, Inc. (NASDAQ:EXPE). Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company with a market capitalization of $21.1 billion. The one-month return of Expedia Group, Inc. (NASDAQ:EXPE) was -19.18%, and its shares gained 21.01% of their value over the last 52 weeks. On March 11, 2025, Expedia Group, Inc. (NASDAQ:EXPE) stock closed at $163.75 per share.

Invesco Small Cap Value Fund stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its Q4 2024 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE): Shares of the world’s second largest online travel agency rose during the fourth quarter after the company reported financial results above Wall Street expectations due to strong business-to business bookings and higher lodging revenue.”

5 Industries with the Highest Number of Quits in the US

A busy airport terminal with travelers passing through on their leisure travels.

Expedia Group, Inc. (NASDAQ:EXPE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Expedia Group, Inc. (NASDAQ:EXPE) at the end of the fourth quarter compared to 52 in the third quarter. Expedia Group, Inc.’s (NASDAQ:EXPE) fourth quarter revenue grew 10% to $3.2 billion, driven by its B2B business. While we acknowledge the potential of Expedia Group, Inc. (NASDAQ:EXPE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Expedia Group, Inc. (NASDAQ:EXPE) and shared Baron Real Estate Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. This article is originally published at Insider Monkey.