ClearBridge on Booking Holdings (BKNG): “We View Recent Investor Profit-Taking as Healthy”

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” second quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Value Strategy outperformed its Russell 1000 Value Index benchmark during the second quarter. On an absolute basis, the Strategy had gains in nine of 11 sectors in which it was invested for the quarter. The strongest contributions came from the financials, industrials, communication...