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Antipodes Global Value Strategy increased its stake in Booking Holdings (BKNG) in Q2 2026, believing the market undervalues it.
The fund states that despite market concerns that AI agents might divert consumers and travel uncertainties arising from the Iran conflict, Booking Holdings, as a leading online travel agency, has core advantages such as deep supply chain relationships, a paid advertising flywheel, and loyalty programs that are underestimated by the market. Booking Holdings (NASDAQ:BKNG) closed at $207.02 on August 5, 2026.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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