Nicolai Tangen’s AKO Capital Is Investing In These 5 Stocks

2. Booking Holdings Inc. (NASDAQ:BKNG)

AKO Capital’s Stake Value: $910.18 million
Percentage of AKO Capital’s 13F Portfolio: 9.43%
Number of Hedge Fund Holders: 100

Headquartered in Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG) offers hotels, bed and breakfasts, hostels, apartments, vacation rentals, and other types of lodging services.

According to the Q3 securities filings, AKO Capital holds 383,420 shares in Bookings Holdings Inc. (NASDAQ:BKNG), amounting to more than $910.18 million. At the end of the second quarter of 2021, 100 hedge funds in the database of Insider Monkey held stakes worth $6.9 billion in Booking Holdings Inc. (NASDAQ:BKNG), down from 103 in the previous quarter worth $6.8 billion.

Among the hedge funds tracked by Insider Monkey, Illinois-based investment firm Harris Associates is the leading shareholder in Booking Holdings, with 668,053 shares valued at $1.58 billion.

On October 12, Cowen analyst Kevin Kopelman raised his price target on Booking Holdings Inc. (NASDAQ:BKNG) to $2950 from $2700, and maintained an Outperform rating on the shares.

Ensemble Capital, an investment management firm, in its third-quarter 2021 investor letter mentioned Booking Holdings Inc. (NASDAQ:BKNG). Here is what the fund said:

“Booking : On the March 20, 2020 conference call we referenced at the beginning of this letter, we discussed our assessment of online travel agent Booking Holdings during the initial phase of the pandemic. At that time, we explained why we continued to hold a position in the company. We highlighted that while we fully expected demand to collapse and be slow to recover, our analysis indicated that they were very well positioned to survive the pandemic even if it lasted much longer than expected. And we said that companies that survived the pandemic would be well positioned to thrive on the other side

The key for us to holding the stock was our belief that traveling is hardwired into human DNA. While we could not know how long the pandemic would last, we were certain that when it was once again safe to travel, business would boom once again.

Today, more than 18 months later, travel has come roaring back despite the pandemic still not having come to an end. There continues to be significant barriers to travel, such as severe restrictions on international travel and the general health concerns of travelers. But in areas where people are allowed to

travel, such as domestically within the United States, leisure travel has boomed…” (Click here to see the full text)