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Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

Wally Weitz Comments on Booking Holdings

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April 19, 2019 | About:
We also initiated new positions in online travel agency Booking Holdings (NASDAQ:BKNG) and enterprise content control platform provider Box (NYSE:BOX). Both are examples of opportunities the Internet has unleashed upon our economy. Shareholders are likely familiar with (and probably have used) one of Booking’s many online consumer-oriented platforms (Priceline.com, Booking.com, OpenTable, Kayak, etc.). The tailwind of travel and leisure bookings transitioning from offline to online models, while no longer in the early stages, still has plenty of runway left, and Booking will continue to be a primary beneficiary of this secular growth.

From Wallace Weitz (Trades, Portfolio)'s first-quarter 2019 Partners Opportunity III Fund shareholder letter.

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Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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