Russia-Ukraine War Will Affect These 5 Stocks in the Future

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

Number of Hedge Fund Holders: 88    

Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel firm. Travel firms had a torrid 2020 and 2021 because of the Coronavirus. A mini-boom for the industry was disrupted by the Russian invasion of Ukraine that has impacted tourism in Europe. Rising inflation due to the war has also led to a lull in consumer spending. So travel firms like Expedia are dealing with twin pressures of the war that are unlikely to go away until the conflict is resolved. Russia is also a popular tourist destination and revenues have been affected due to the war. 

On July 14, Truist analyst Naved Khan maintained a Buy rating on Expedia Group, Inc. (NASDAQ:EXPE) stock but lowered the price target to $185 from $240, noting that the near-term outlook for travel was strong but there were recession fears looming. 

At the end of the first quarter of 2022, 88 hedge funds in the database of Insider Monkey held stakes worth $6.3 billion in Expedia Group, Inc. (NASDAQ:EXPE), up from 82 in the previous quarter worth $7.4 billion.

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:

“Expedia Group, Inc. (NASDAQ:EXPE) 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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