Impact of Investor Sentiment and Geopolitical Events Hurt Booking Holdings (BKNG) in Q1

2 hours ago 1

Soumya Eswaran

Tue, April 28, 2026 astatine 9:40 AM CDT 3 min read

Wedgewood Partners, an concern absorption company, released its first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Wedgewood Composite returned -6.3% (net) successful the archetypal 4th compared to the S&P 500’s -4.3%, the Russell 1000 Growth Index’s -9.8%, and the Russell 1000 Value Index’s 2.1% returns. The missive mentioned the ongoing war, highlighting the swift effect of fiscal and commodities markets to subject strikes and geopolitical commentary. Historically, lipid shocks person consistently displayed a important power connected planetary fiscal markets. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Wedgewood Partners highlighted stocks similar Booking Holdings Inc. (NASDAQ:BKNG). Headquartered successful Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG) is simply a starring online question booking platform. On April 27, 2026, Booking Holdings Inc. (NASDAQ:BKNG) closed astatine $177.49 per share. One-month instrumentality of Booking Holdings Inc. (NASDAQ:BKNG) was 4.81%, and its shares mislaid 10.11% implicit the past 52 weeks. Booking Holdings Inc. (NASDAQ:BKNG) has a marketplace capitalization of $137.47 billion.

Wedgewood Partners stated the pursuing regarding Booking Holdings Inc. (NASDAQ:BKNG) successful its Q1 2026 capitalist letter:

"Booking Holdings Inc. (NASDAQ:BKNG) detracted from wide show during the quarter. Earnings per stock grew +17%, with revenues up +16%, arsenic question request remained beardown precocious into 2025 and into aboriginal 2026. Most of the stock's weakness stemmed from investors labeling it an "AI loser" and, aboriginal successful the quarter, the outbreak of warfare successful the Middle East. Consumer AI, arsenic a disruptive unit successful existing commerce, is proving to beryllium overmuch much hard than markets expect. We presumption these AI tools and organisation channels arsenic incremental alternatively than arsenic drivers of the "zero-sum" dynamics that markets person been craving. As for the Middle East, for now, it represents a short-term disruption to travelers, peculiarly aerial travelers, fixed credible risks to planetary hose substance supplies. However, we expect this volition not beryllium a multi-year headwind - much similar a fewer quarters."

“Think Twice Before You Write Off the Travel Bull Market”

Booking Holdings Inc. (NASDAQ:BKNG) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 109 hedge money portfolios held Booking Holdings Inc. (NASDAQ:BKNG) astatine the extremity of the 4th quarter, up from 95 successful the erstwhile quarter. While we admit the imaginable of Booking Holdings Inc. (NASDAQ:BKNG) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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