5 Best E-Commerce Stocks to Invest In

3. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 78

Booking Holdings Inc. (NASDAQ:BKNG) is one of the biggest online travel players in the world. HSBC recently gave a Buy rating to Booking Holdings Inc. (NASDAQ:BKNG) and set a price target of $3,650.

Of the 910 hedge funds in Insider Monkey’s database, 78 hedge funds were long Booking Holdings Inc. (NASDAQ:BKNG). The most significant stakeholder of Booking Holdings Inc. (NASDAQ:BKNG) was Guardian Capital’s GuardCap Asset Management which had an $850 million stake in the company.

Wedgewood Partners made the following comment about Booking Holdings Inc. (NASDAQ:BKNG) in its Q3 2023 investor letter:

“Booking Holdings Inc. (NASDAQ:BKNG) also contributed to portfolio performance during the quarter. The Company reported continued healthy travel demand during the quarter that ended in June, with accelerating trends into July. In addition, Booking’s alt-accommodations sub-segment (about 35% of Booking’s total room nights) reported +11% room night growth, in-line with the Company’s largest pure-play alt-accommodations competitor, Airbnb. We estimate Booking’s total alt-accommodation room nights per quarter are approaching parity with Airbnb, yet Booking has a vastly superior GAAP operating margin structure – even as Booking aggressively outspends Airbnb on merchandising and payment functions, as well as paid search marketing efforts. There is still plenty of room for Booking to take wallet share in consumer travel budgets, which are still pent-up from the pandemic, particularly outside the United States.”