Yacktman Fund Comments on Booking Holdings

Guru stock highlight

Nov 22, 2021

Summary

A top detractor.

Booking Holdings Inc. (Booking) (BKNG, Financial) was weaker in the quarter due to reduced travel expectations in Europe as COVID-19 variants delayed travel plans. Over the long term, Booking is an exceptionally well-positioned business with significant scale, strong management, and an innovative DNA that should help drive earnings growth over time.

From the Yacktman Fund (Trades, Portfolio)'s third-quarter 2021 letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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