Booking.com (BKNG)

• Market cap: $165B
• 1 day: 0.08%
• 5 days: 0.79%
• 1 month: 15.49%
• 3 months: 36.88%
• 6 months: 31.18%
• Year to date: 42.94%
• 1 year: 59.42%
• 5 years: 169.10%
• 10 years: 326.54%
• Sector: Industrials
• Industry: Transportation Services

About: Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.

Employees: 23,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $8.6B | Put options by funds: $7.49B

0% more capital invested

Capital invested by funds: $123B [Q2] → $123B (+$291M) [Q3]

0% less funds holding

Funds holding: 1,634 [Q2] → 1,628 (-6) [Q3]

4% less first-time investments, than exits

New positions opened: 136 | Existing positions closed: 142

3.44% less ownership

Funds ownership: 91.4% [Q2] → 87.96% (-3.44%) [Q3]

7% less funds holding in top 10

Funds holding in top 10: 75 [Q2] → 70 (-5) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 540 | Existing positions reduced: 652

Research analyst outlook

35 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3,590 28% downside
• Avg. target: $4,734 5% downside
• High target: $5,550 12% upside

35 analyst ratings

• positive: 20 57%
• neutral: 15 43%
• negative: 0 0%

Truist Securities Greg Miller 0 / 0 met price target	6% downside $4,700	Hold Maintained	7 Nov 2024
Mizuho James Lee 78% 1-year accuracy 31 / 40 met price target	9% upside $5,400	Outperform Maintained	5 Nov 2024
Citigroup Ronald Josey 76% 1-year accuracy 35 / 46 met price target	11% upside $5,500	Buy Maintained	4 Nov 2024
Deutsche Bank Lee Horowitz 70% 1-year accuracy 7 / 10 met price target	5% upside $5,200	Buy Maintained	1 Nov 2024
Goldman Sachs Eric Sheridan 63% 1-year accuracy 39 / 62 met price target	9% downside $4,510	Neutral Maintained	1 Nov 2024