Top 5 Stock Picks of Billionaire Daniel Sundheim

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

D1 Capital Partners’ Stake Value: $1,882,005,000

Percentage of D1 Capital Partners’ 13F Portfolio: 10.52%

Number of Hedge Fund Holders: 78

Expedia Group, Inc. (NASDAQ:EXPE), an online travel company, is the largest holding in Daniel Sundheim’s Q3 portfolio. D1 Capital Partners holds a $1.88 billion position in the company, representing 10.52% of the firm’s Q3 portfolio. 

As of Q3 2021, 78 hedge funds tracked by Insider Monkey reported owning stakes in Expedia Group, Inc. (NASDAQ:EXPE), down from 87 funds in the previous quarter. The total value of the stakes in Q3 amounted to $6.47 billion. D1 Capital Partners is the leading Expedia Group, Inc. (NASDAQ:EXPE) stakeholder. 

Expedia Group, Inc. (NASDAQ:EXPE) announced its Q3 earnings on November 4. The EPS totaled $3.53, beating estimates by $1.77. Revenue for the third quarter equaled $2.96 billion, up 96.94% year-over-year, topping estimates by $243.16 million. 

Following the Q3 performance, Citi analyst Jason Bazinet raised the price target on Expedia Group, Inc. (NASDAQ:EXPE) to $190 from $166 and kept a Neutral rating on the stock on November 9. 

Here is what ClearBridge Investments has to say about Expedia Inc. (NASDAQ:EXPE) in its Q1 2021 investor letter:

“Several of our better performers in the first quarter were purchased while their business models were under stress from COVID restrictions or the macro environment the pandemic created. What gave us confidence in purchasing Expedia were the actions the company took to extend out their balance sheets until travel resumed. It should benefit as a broader vaccination rollout prompts cruise lines to resume operations and consumers to start traveling again and are positioned to deliver better margins and gain pricing power as the economy normalizes due to the cost controls implemented during the downturn.”

You can also take a look at 10 Tech Stocks Chinese Billionaire Chen Tianqiao Loves and 10 European Stocks to Buy According to Tom Russo’s Hedge Fund. 

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