Here’s What Boosted Booking Holdings’ (BKNG) Performance in Q4

Cooper Investors, an investment management firm, released its “Cooper Investors Global Equities Fund (Unhedged)” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 11.19% in the fourth quarter, compared to a 10.94% return for the MSCI AC World Index Net Divs in Australian benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Cooper Investors Global Equities Fund highlighted stocks like Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter 2024 investor letter. Headquartered in Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG) provides online travel and restaurant booking services. The one-month return of Booking Holdings Inc. (NASDAQ:BKNG) was -8.52%, and its shares gained 34.02% of their value over the last 52 weeks. On January 21, 2025, Booking Holdings Inc. (NASDAQ:BKNG) stock closed at $4,686.41 per share with a market capitalization of $155.105 billion.

Cooper Investors Global Equities Fund stated the following regarding Booking Holdings Inc. (NASDAQ:BKNG) in its Q4 2024 investor letter:

“The largest contributors to returns were Booking Holdings Inc. (NASDAQ:BKNG) and Liberty Formula One (FWONK). BKNG is the leading global travel platform (larger than Airbnb and Expedia combined on an annual room nights booked basis). Operating trends continue to be strong driven by tailwinds from global travel demand and new CFO Ewout Steenbergen finding cost efficiencies following a period of investment. This resulted in third quarter revenue growth of 9% driving Earnings Per Share growth of 16%, a run rate we believe is now sustainable for the business. BKNG has been a highly successful investment, delivering returns of 130% since our first investment in December 2022. But going forward we see less value latency and have consequently begun to redeploy capital into more compelling opportunities.”

Is Booking Holdings Inc. (BKNG) The Best Travel Stock To Buy Right Now?

A fast-paced travel agent making a bookings for a family vacation package.

Booking Holdings Inc. (NASDAQ:BKNG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 93 hedge fund portfolios held Booking Holdings Inc. (NASDAQ:BKNG) at the end of the third quarter which was 96 in the previous quarter. In the third quarter, Booking Holdings Inc.’s (NASDAQ:BKNG) generated revenue of $8 billion grew 9% year-over-year and adjusted EBITDA of $3.7 billion increased 12% year-over-year. While we acknowledge the potential of Booking Holdings Inc. (NASDAQ:BKNG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

We previously discussed Booking Holdings Inc. (NASDAQ:BKNG) in another article, where we shared the list of best travel stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.