5 Tech Stock Picks of Seth Wunder’s Black-And-White Capital

2. Booking Holdings Inc. (NASDAQ:BKNG)

Black-And-White Capital’s Stake Value: $61,201,000
Percentage of Black-And-White Capital’s 13F Portfolio: 6.32%
Number of Hedge Fund Holders: 100

Booking Holdings Inc. (NASDAQ:BKNG) is an online travel firm that offers hotels, bed and breakfasts, hostels, apartments, vacation rentals, and other types of lodgings.

Cowen analyst Kevin Kopelman increased his price target on Booking Holdings Inc. (NASDAQ:BKNG) to $2950 from $2700 and reiterated an “Outperform” rating on the shares.

Seth Wunder’s Black-And-White Capital decreased its hold in Booking Holdings Inc. (NASDAQ:BKNG) by 4% in the second quarter, ending the period with 27,970 shares of the company.

Ensemble Capital, an investment management firm, in its third-quarter 2021 investor letter (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)