5 Best Stocks To Buy Now According To Billionaire Steve Cohen

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1. Booking Holdings Inc. (NASDAQ:BKNG)

Point72 Asset Management’s Stake Value: $355.32 million

Percentage of Point72 Asset Management’s 13F Portfolio: 1.41%

Number of Hedge Fund Holders: 99

Booking Holdings Inc. (NASDAQ:BKNG) provides online travel, hotel reservation and other related services around the globe. Representing 1.41% of his total Q1 portfolio, Steve Cohen owned 151,000 shares of BKNG valued at more than $355 million.

On June 22, JMP Securities gave Booking Holdings Inc. (NASDAQ:BKNG) an unchanged ‘Outperform’ rating and a price target of $2,300, down from $2,750. Analyst Nicholas Jones sees the company as best positioned to benefit from a resurgence in demand, and notes that its geographical diversification and market share gains against rivals make it better positioned to navigate a tough financial climate.

Out of all the hedge funds tracked by Insider Monkey, 99 reported bullish bets on Booking Holdings Inc. (NASDAQ:BKNG) shares, up from 92 hedge funds in the previous quarter. Harris Associates, with a $1.56 billion position, was the most prominent shareholder of Booking Holdings Inc. (NASDAQ:BKNG) in the first quarter.

ClearBridge Investments discussed many stocks in its Q1 2022 investor letter, and Booking Holdings Inc. (NASDAQ:BKNG) happened to be one of them. The fund said:

“Other actions during the quarter included the sale of consumer name Booking Holdings (NASDAQ:BKNG). We sold Booking, the owner of online travel agencies Booking.com, Priceline and Kayak, due to its higher exposure to Europe where we believe a rebound in travel will be slowed by the spillover effects of the Ukraine invasion on consumer spending.”

You can also take a look at 10 Best Climate Change Stocks to Buy Now and 11 Best Housing/Homebuilder Stocks To Buy Now.

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