Michael Burry Was Wrong About These 3 Stocks

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1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 99

Percentage Decline in Share Price (YTD): 5.10% 

Booking Holdings Inc. (NASDAQ:BKNG) provides online reservation services. Latest data shows that Scion Asset Management owned 8,000 shares of Booking Holdings Inc. (NASDAQ:BKNG) at the end of the first quarter of 2022 worth over $18.7 million, representing 9.32% of the portfolio. 

On May 5, Piper Sandler analyst Thomas Champion maintained a Neutral rating on Booking Holdings Inc. (NASDAQ:BKNG) stock and raised the price target to $2,500 from $2,440, noting that there was optimism around the stock in relation to return to travel. 

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.”

You can also take a peek at 13 Best Hemp Stocks to Buy Now and Billionaire Dan Loeb’s Top 10 Stock Picks.

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