Top 5 Stock Picks of Nicolai Tangen’s Ako Capital

03. Booking Holdings Inc. (NASDAQ:BKNG)

Ako Capital’s Stake Value: $603.883 million

Percentage of Ako Capital’s 13F Portfolio: 8.45%

Number of Hedge Fund Holders as of Q1 2022: 99

Booking Holdings Inc. (NASDAQ:BKNG) was founded in 1997 and is headquartered in Norwalk, Connecticut. It provides travel and restaurant online reservation and related services worldwide. Booking Holdings Inc. (NASDAQ:BKNG) reported non-GAAP earnings of $19.08 per share for Q2, beating the estimate by $1.41. It reported earnings of $3.90 and $2.55 per share in the prior quarter and the year-ago quarter, respectively. The company reported record revenue of $4.29 billion, up 99% from Q2 2021.

On August 5, Susquehanna analyst Shyam Patil maintained a positive rating on the shares while cutting his price target for Booking Holdings Inc. (NASDAQ:BKNG) from $2900 to $2800. The analyst stated that the second quarter saw high demand for travel, with room nights for the first time surpassing 2019 levels.