Here’s What Makes Expedia Group (EXPE) a Smart Investment Choice

Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Focus Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Atlantic’s Focus Growth Composite posted a total return of -9.30% gross of fees (-9.34% net of fees), underperforming the -9.04% total return of the Russell 1000 Growth Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Aristotle Focus Growth Fund mentioned Expedia Group, Inc. (NASDAQ:EXPE) and explained its insights for the company. Founded in 1996, Expedia Group, Inc. (NASDAQ:EXPE) is a Seattle, Washington-based engineering company with a $20.5 billion market capitalization. Expedia Group, Inc. (NASDAQ:EXPE) delivered a -27.53% return since the beginning of the year, while its 12-month returns are down by -25.98%. The stock closed at $130.97 per share on May 27, 2022.

Here is what Aristotle Focus Growth Fund has to say about Expedia Group, Inc. (NASDAQ:EXPE) in its Q1 2022 investor letter:

“Expedia outperformed in the first quarter following a better-than-expected earnings report for the company’s fourth quarter of 2021. During the pandemic, the company reduced expenses which has improved operating leverage as revenue recovers. Expectations for travel in 2022 have improved as COVID cases have declined.”

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Our calculations show that Expedia Group, Inc. (NASDAQ:EXPE) ranks 29th on our list of the 30 Most Popular Stocks Among Hedge Funds. Expedia Group, Inc. (NASDAQ:EXPE) was in 88 hedge fund portfolios at the end of the first quarter of 2022, compared to 82 funds in the previous quarter. Expedia Group, Inc. (NASDAQ:EXPE) delivered a -33.22% return in the past 3 months.

Just recently, we published an article that includes Expedia Group, Inc. (NASDAQ:EXPE) in the 10 Stocks Billionaire Dan Loeb is Selling in 2022. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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