5 Best Fast Growth Stocks to Buy Now

3. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 83

In February Booking Holdings Inc. (NASDAQ:BKNG) posted its fourth quarter results, which showed that revenue in the quarter increased by about 35.9% year over year to reach $4.05 billion, beating estimates by $150 million. Adjusted EPS in the quarter came in at $24.74, beating estimates by $2.66.

83 hedge funds tracked by Insider Monkey had stakes in Booking Holdings Inc. (NASDAQ:BKNG) as of the end of the last quarter of 2022. The most significant stakeholder of Booking Holdings Inc. (NASDAQ:BKNG) during this period was Harris Associates of Natixis Global Asset Management which had a $1 billion stake in the company.

Ensemble Capital made the following comment about Booking Holdings Inc. (NASDAQ:BKNG) in its Q1 2023 investor letter:

“Booking Holdings Inc. (NASDAQ:BKNG) (+31.61%): Despite all of the reasonable worries about a recession or high inflation stopping consumers from spending, these worries have remained entirely absent from the global travel industry. In February, Booking, the largest global online travel agency, reported 39% growth in the number of hotel room nights booked despite large increases in the average price of hotel rooms. The company said that demand accelerated in January. The company has been busily buying back shares, causing total shares outstanding to drop by 8% over the course of 2022. The company guided to continued double digit growth in 2023 and announced a new buyback plan equal to 24% of the company’s market capitalization.”