Top 5 Stock Picks of Gregg Moskowitz’ Interval Partners

In this article, we discuss the top 5 stock picks of Gregg Moskowitz’ Interval Partners. If you want our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Gregg Moskowitz’ Interval Partners.

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

Interval Partners’ Stake Value: $42,991,000

Percentage of Interval Partners’ 13F Portfolio: 1.77%

Number of Hedge Fund Holders: 87

Expedia Group, Inc. (NASDAQ:EXPE) is a travel technology company, which facilitates private and small business travel. Through its websites and travel metasearch engines like expedia.com, Vrbo, hotels.com, hotwire.com, Orbitz, and Travelocity, among others, Expedia Group, Inc. (NASDAQ:EXPE) acts as a fare aggregator for users. 

Interval Partners owns 262,603 shares in Expedia Group, Inc. (NASDAQ:EXPE), amounting to $42.99 million, representing 1.77% of Moskowitz’ 13F portfolio.

By the end of June, 87 hedge funds were long Expedia Group, Inc. (NASDAQ:EXPE), up from 86 in the previous quarter.

Here is what ClearBridge Investments has to say about Expedia Inc. 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.”