5 Long-Term Stocks to Buy

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1. Booking Holdings Inc. (NASDAQ:BKNG)

GuardCap Asset Management’s Stake Value: $923,923,664  

Percentage of GuardCap Asset Management’s 13F Portfolio: 12.83%

Number of Hedge Fund Holders: 78

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.

Booking Holdings Inc. (NASDAQ:BKNG) is the #1 stock in GuardCap Asset Management’s 13F portfolio based on its portfolio weightage. The investment manager owns 0.3 million shares worth $924 million, making up 12.83% of the 13F portfolio.

As of Q2 2023, 78 of the 910 hedge funds tracked by Insider Monkey held shares of Booking Holdings Inc. (NASDAQ:BKNG), worth $6.6 billion. Its largest shareholder was Arrowstreet Capital with ownership of 0.5 million shares valued at $1.4 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.”

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