5 Best Travel Stocks to Buy Right Now

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1. Booking Holdings Inc. (NASDAQ: BKNG)

Number of Hedge Fund Holders: 108

Booking Holdings Inc. (NASDAQ: BKNG) is a Connecticut-based travel technology firm. The company owns and runs Booking.com that provides online reservation services to many travel destinations, hotels, and restaurants around the world. The firm also runs Rentalcars.com, Priceline, Agoda, KAYAK, and OpenTable, all products that compliment its travel business. The firm was founded in 1997 and is placed first on our list of 10 best travel stocks to buy right now.

On April 13, investment bank Jefferies echoed market sentiment by upgrading the rating of Booking stock to Buy from Hold and increased the price target to $2800 from $2300. The bank said that Booking could witness strong growth in 2021 as increased travel would lift the revenues for the firm after a dismal 2020. 

At the end of the fourth quarter of 2020, 108 hedge funds in the database of Insider Monkey held stakes worth $8.2 billion in the firm, down from 113 in the previous quarter having shares worth $6.6 billion.

RiverPark Large Growth Fund, in their Q1 2021 investor letter, mentioned Booking Holdings Inc. (NASDAQ: BKNG). Here is what RiverPark Large Growth Fund has to say about Booking Holdings Inc. in their Q1 2021 investor letter:

“We bought back a position in Booking Holdings during the quarter. 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 (40% EBITDA margin for 2019) that requires limited capital expenditures, typically less than 3% of revenue, producing $4.5 billion free cash flow for 2019. This cash flow has been used 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. Like all travel companies, Booking was hit hard by the pandemic, but with its high international exposure, we expect the company’s recovery to be equally strong when travel returns.”

You can also take a peek at 10 Best Biotech Stocks To Buy For 2021, and Top 10 Best Freelancing Platforms and Websites for 2021.

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