Top Investors’ Stock Portfolio: 5 Mid-Cap Stocks To Buy

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

Number of Hedge Fund Holders: 65

Market Capitalization as of February 24: $15.996 billion

Expedia Group, Inc. (NASDAQ:EXPE) was founded in 1996 and is headquartered in Seattle, Washington. It is an online travel company in the United States and internationally, and operates through Retail, B2B, and trivago segments. Expedia Group, Inc. (NASDAQ:EXPE) is one of the premier mid-cap stocks to invest in. 

On February 13, Susquehanna analyst Shyam Patil increased the price target on Expedia Group, Inc. (NASDAQ:EXPE) from $100 to $116, while maintaining a Neutral rating on the shares. The analyst noted that although the company’s Q4 results were mixed, they faced significant challenges due to storms and foreign exchange rates. However, if these factors are excluded, gross bookings would have exceeded the levels achieved in 2019. Additionally, Expedia Group, Inc. (NASDAQ:EXPE)’s management is confident about the company’s future trajectory, especially heading into 2023, as per the analyst’s research note to investors. 

According to Insider Monkey’s Q4 data, 65 hedge funds were bullish on Expedia Group, Inc. (NASDAQ:EXPE), compared to 76 funds in the earlier quarter. PAR Capital Management is the largest stakeholder of the company, with 3.50 million shares worth $306.6 million. 

Here is what Miller Value Partners specifically said about Expedia Group, Inc. (NASDAQ:EXPE) in its Q3 2022 investor letter:

“Expedia Group, Inc. (NASDAQ:EXPE) ($92.69) has a high teens free cash flow yield, trades at 14x 2022 and 10x 2023 earnings. We believe it can sustain earnings per share growth in the mid-teens. It massively improved its business and margins during the pandemic, has repaired its balance sheet and is chaired by an amazing capital allocator, Barry Diller. We think it’s worth more than double the current price.”

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