5 Best Bargain Stocks To Buy Right Now

3. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 99

YTD Share Price Decline as of June 30: 28.94%

Booking Holdings Inc. (NASDAQ:BKNG) is an American travel technology firm that offers online accommodation, food, and travel reservations. The stock has declined about 29% YTD recession fears and higher fuel costs, which are leading people to budget more frugally and taking away funds from travel and leisure. 

On June 29, JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Booking Holdings Inc. (NASDAQ:BKNG) but lowered the price target on the stock to $2,435 from $2,900. The analyst reduced estimates and price targets to reflect macro pressures, currency movement, and company-specific factors. He said that Booking Holdings Inc. (NASDAQ:BKNG) remains one of his best ideas.

Among the hedge funds tracked by Insider Monkey, 99 funds reported long positions in Booking Holdings Inc. (NASDAQ:BKNG) at the end of March 2022, up from 92 funds in the prior quarter. Harris Associates is the leading position holder in the company, with 665,415 shares worth $1.5 billion. 

Here is what ClearBridge Investments Large Cap Value Strategy has to say about Booking Holdings Inc. (NASDAQ:BKNG) in its Q4 2021 investor letter:

“The pandemic created opportunities for us to be more aggressive in a variety of areas of the market. We were opportunistic throughout the year, for example, in positioning the portfolio to benefit from a flush consumer eager to return to spending and traveling. New positions included Booking Holdings, an online travel agency with industry-leading margins and a dominant footprint in Europe.”