5 Best Summer Stocks to Buy Now

2. Booking Holdings Inc. (NASDAQ: BKNG)

Number of Hedge Fund Holders: 108

Travel and restaurant online reservation platform Booking Holdings Inc. (NASDAQ: BKNG) ranks 2nd in our list of the 10 best summer stocks to buy now. The digital booking company was founded in 1997 in Norwalk, Connecticut. The company operates Booking.com, which offers online reservation services to various travel destinations worldwide and features travel bundles that include accommodation and air and land transfers. Booking Holdings Inc. also operates other online travel and car rental services, namely Agoda, Priceline, KAYAK, and RentalCars.com.

The company has a market cap of over $95 billion. In the first quarter of 2021, the company’s revenue was $1.14 billion. The company’s cash balance jumped to over $12 billion from $10.5 billion in December 2020. On May 6, Barclays kept a buy rating on Booking Holdings and raised the price target to $2,740. Shares of BKNG increased 63% over the past twelve months.

There were 108 hedge funds that reported owning stakes in Booking Holdings Inc. (NASDAQ: BKNG) at the end of the fourth quarter, up from 64 funds a quarter earlier. The total value of these stakes at the end of Q4 is $8.24 billion. 

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