Here’s What Makes Booking Holdings (BKNG) a Smart Investment Choice

LRT Capital Management, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. As of July 1st, 2022, LRT’s net exposure was approximately 77.74%, and its beta-adjusted exposure was 50.7%. The fund currently has 57 long positions with the top 10 accounting for approximately 40.7% of its total long exposure. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q2 2022 investor letter, LRT Capital Management mentioned Booking Holdings Inc. (NASDAQ:BKNG) and explained its insights for the company. Founded in 1996, Booking Holdings Inc. (NASDAQ:BKNG) is a Norwalk, Connecticut-based travel technology company with a $70.6 billion market capitalization. Booking Holdings Inc. (NASDAQ:BKNG) delivered a -27.53% return since the beginning of the year, while its 12-month returns are down by -15.90%. The stock closed at $1,738.79 per share on July 18, 2022.

Here is what LRT Capital Management has to say about Booking Holdings Inc. (NASDAQ:BKNG) in its Q2 2022 investor letter:

Booking Holdings was formerly Priceline.com but has changed its name to reflect that source of most of its revenue: Booking.com. Booking.com is the largest online travel agency (OTA) in the world, connecting travelers and hotels. The company has over 2.3 million properties in 220 countries on its site, along with photos, reviews and details about the amenities offered by each property. The accommodations offered range from hotels, motels, homes & apartments, hostels, and bed & breakfasts. The company occupies a dominant position in the travel booking funnel and collects revenue from hotel reservations booked through its site. Booking.com is particularly strong in Europe, where chain hotels are less dominant and smaller independent hotel rely on it to fill their rooms.

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