5 High Growth High Margin Stocks to Buy

2. Booking Holdings Inc. (NASDAQ:BKNG)

EPS Next 5 Year Ratio According to FINVIZ.com: 27.48%

Profit Margin According to FINVIZ.com: 25.70%

Number of Hedge Fund Holders: 81

Based in Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG), is a leading provider of online travel and related services with a presence in more than 220 countries and territories across the world. The company provides its services primarily through six online platforms: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. It boasts more than 28 million listings of hotels, homes, apartments, and other unique places to stay across its platforms.

As of Q3 2023, 81 of the 910 hedge funds tracked by Insider Monkey held shares of Booking Holdings Inc. (NASDAQ:BKNG), worth $8.0 billion. Its largest shareholder was Arrowstreet Capital with ownership of 0.5 million shares valued at $1.6 billion.

RiverPark Advisors, an investment advisory firm, made the following comments about Booking Holdings Inc. (NASDAQ:BKNG) in its Q3 2023 investor letter:

“Booking is the world’s leader in online travel, operating in 200 countries with brands including Booking.com, priceline.com, agoda.com, Kayak, Rentalcars.com and OpenTable. The company has been a dominant on-line travel agency for more than a decade with a high-margin business model that requires limited capital expenditures, typically less than 3% of revenue, producing $6.2 billion of free cash flow for 2022 and $7.2 billion expected for 2024. The company has used its free cash flow for episodic acquisitions as well as to return cash to shareholders. BKNG is well positioned in travel as the largest player in online lodging bookings and the second largest player in alternative accommodations.”