5 Best Cruise Stocks To Buy Right Now

Page 5 of 5

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 93

Booking Holdings Inc. (NASDAQ:BKNG) was founded in 1997 and is headquartered in Norwalk, Connecticut. The company provides travel and restaurant reservations worldwide. Booking Holdings Inc. (NASDAQ:BKNG) also offers cruise bookings online. The company projects “record revenue” in Q3 2022 on the back of strong travel demand. Booking Holdings Inc. (NASDAQ:BKNG) is one of the best cruise stocks to buy right now. 

Investment Advisory DA Davidson reiterated a Neutral on Booking Holdings Inc. (NASDAQ:BKNG) and lowered the price target on Booking Holdings Inc. (NASDAQ:BKNG) to $2,150 from $2,300. Analyst Tom White issued the ratings update on September 12. 

According to the second quarter database of Insider Monkey, 93 hedge funds held stakes worth $5.4 billion in Booking Holdings Inc. (NASDAQ:BKNG), compared to 99 funds in the last quarter. Harris Associates is the leading position holder in the company, with 616,383 shares worth over $1 billion.  

Here is what Matrix Asset Advisors specifically said about Booking Holdings Inc. (NASDAQ:BKNG) in its Q2 2022 investor letter:

“We started a new position in Booking Holdings Inc. (NASDAQ:BKNG) a leading global online travel company. Bookings has the largest market share in the online travel agency business through its Bookings.com, Priceline.com, Agoda, Kayak, OpenTable, Rentalcars, and Etraveli franchises. Before Covid, BKNG was growing at a double-digit rate with earnings reaching $102 per share in 2019. The company’s business was hit hard during Covid but remained profitable. As global economies emerge from Covid, the travel business and Bookings have recovered quickly but the stock has been a casualty of the NASDAQ sell-off. The company has a strong balance sheet and shareholder-oriented management. We think the share price decline provided a good entry point for this high-quality company in an industry with strong growth prospects.”

You can also take a look at Best Airline Stocks To Buy and Best Bitcoin Stocks To Buy

Page 5 of 5