5 Most Undervalued Travel Stocks To Buy According To Hedge Funds

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 92

PE Ratio as of January 27: 20.33

As of January 27, Booking Holdings Inc. (NASDAQ:BKNG) has a forward PE ratio of 20.33. Even though the metric slightly crosses our threshold of 20 for the PE ratio metric, we are still including Booking Holdings Inc. (NASDAQ:BKNG) in our list because it is one of the top players in the travel industry and is among the favorite travel stocks of elite hedge funds in America. Of the 920 hedge funds tracked by Insider Monkey, 92 hedge funds reported owning stakes in Booking Holdings Inc. (NASDAQ:BKNG). The total worth of these stakes was $5.6 billion. The biggest stakeholder of Booking Holdings Inc. (NASDAQ:BKNG) was Natixis Global Asset Management’s Harris Associates, which owns an $883 million stake in the company.

Here is what L1 Capital International Fund has to say about Booking Holdings Inc. (NASDAQ:BKNG) in its Q3 2022 investor letter:

“During the December 2022 Quarter over 50% of the Fund’s holdings’ share prices increased by more than 10% in local currency with a number of them increasing by more than 20%. Five companies positively contributed over 0.5% (in AUD) to the Fund’s returns for the quarter. We added to our investment in Booking Holdings Inc. (NASDAQ:BKNG) prior to Q3 2022 results due to the share price overly discounting concerns about near term travel activity. Booking’s quarterly results were a standout, with the recovery in the travel industry following COVID-19 disruptions running well ahead of our expectations. Booking’s share price subsequently increased 23% in the December 2022 Quarter and has increased a further 14% so far in 2023 (in USD).”

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