5 Best Travel Stocks To Buy Right Now

2. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 92

Booking Holdings Inc. (NASDAQ:BKNG) provides reservation services. The firm continues to show strong recovery trends. Gross travel bookings in the fourth quarter of 2021 for the firm stood at around $19 billion, up 160% from the same period of 2020. The total revenues for the fourth quarter were $3 billion, an increase of 141% year-on-year. The net income for 2021 stood at over $1 billion, up from just $59 million in 2020. The company expects to grow revenue by 45% in 2022 and 18% in 2023. 

On April 19, Tigress Financial analyst Ivan Feinseth kept a Strong Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) stock and raised the price target to $3,210 from $3,150, noting that a massive recovery in global travel was driving improved booking trends. 

At the end of the fourth quarter of 2021, 92 hedge funds in the database of Insider Monkey held stakes worth $7.7 billion in Booking Holdings Inc. (NASDAQ:BKNG), compared to 96 in the previous quarter worth $8.4 billion.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Booking Holdings Inc. (NASDAQ:BKNG) was one of them. Here is what the fund said: 

“The pandemic created opportunities for us to be more aggressive in a variety of areas of the market. We were opportunistic throughout the year, for example, in positioning the portfolio to benefit from a flush consumer eager to return to spending and traveling. New positions included Booking Holdings Inc. (NASDAQ:BKNG), an online travel agency with industry-leading margins and a dominant footprint in Europe.”