Here’s Why You Should Consider Investing in Expedia Group (EXPE)

Heartland Advisors, an investment management firm, published its “Heartland Mid Cap Value Fund” fourth-quarter 2021 investor letter – a copy of which can be seen here. Security selection was mixed with holdings in Materials and Consumer Discretionary bolstering returns; however, the portfolio couldn’t overcome weakness in Financials and Information Technology, and the Strategy lagged the Russell Mid Cap® Value Index for the quarter.  The portfolio finished the year up more than 20% and kept pace with its benchmark. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Heartland Mid Cap Value Fund, in its Q4 2021 investor letter, mentioned Expedia Group, Inc. (NASDAQ: EXPE) and discussed its stance on the firm. Expedia Group, Inc. is a Seattle, Washington-based online travel shopping company with a $27.1 billion market capitalization. EXPE delivered a -3.52% return since the beginning of the year, while its 12-month returns are up by 40.50%. The stock closed at $174.36 per share on January 27, 2022.

Here is what Heartland Mid Cap Value Fund has to say about Expedia Group, Inc. in its Q4 2021 investor letter:

“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. (EXPE) is an example of the type of business we’ve found attractive.”

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Our calculations show that Expedia Group, Inc. (NASDAQ: EXPE) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. EXPE was in 78 hedge fund portfolios at the end of the third quarter of 2021, compared to 87 funds in the previous quarter. Expedia Group, Inc. (NASDAQ: EXPE) delivered a 6.05% return in the past 3 months.

In June 2021, we also shared another hedge fund’s views on EXPE in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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