Analysts Say Buy These 5 Stocks Despite Earnings Miss

3. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 99 

Booking Holdings Inc. (NASDAQ:BKNG) provides online reservation services. In early August, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $19.08 and a revenue of $4.3 billion. The revenue was up more than 99% compared to the revenue over the same period last year but missed analyst expectations by $50 million. The firm revealed that gross travel bookings raked in around $34 billion in revenue. 

On August 4, Deutsche Bank analyst Lee Horowitz maintained a Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) stock and lowered the price target to $2,280 from $2,300, noting that the second quarter results of the firm showcased the strength of the pandemic recovery. 

At the end of the first quarter of 2022, 99 hedge funds in the database of Insider Monkey held stakes worth $7.5 billion in Booking Holdings Inc. (NASDAQ:BKNG), compared to 92 in the previous quarter worth $7.7 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.”