Top 10 Stocks to Buy According to Durable Capital Partners

8. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders as of Q4: 99

Durable Capital Partners’ Equity Stake: $468.50 Million 

Booking Holdings Inc. (NASDAQ:BKNG) is a leading American travel technology company. On February 20, 2025, the company reported robust financial results for the final quarter of 2024, with revenue reaching $5.47 billion—an increase of 14% from the prior year. This figure exceeded analyst projections of $5.19 billion, reflecting Booking’s strong market position. The company also delivered adjusted earnings of $41.55 per share, significantly outperforming the consensus estimate of $36.70. Gross bookings for the quarter totaled $37.2 billion, surpassing analysts’ expectations of $34.5 billion. Both revenue and earnings per share displayed notable year-over-year growth, showcasing the company’s continued strength in the travel and hospitality industry.

Alongside its earnings announcement, Booking Holdings Inc. (NASDAQ:BKNG) unveiled a newly authorized $20 billion stock repurchase program, supplementing the $7.7 billion remaining from its previous buyback initiative as of year-end 2024. Looking ahead, the company anticipates revenue growth between 2% and 4% year-over-year in the first quarter of 2025, with gross bookings projected to rise by 5% to 7%. For the full year, Booking Holdings Inc. (NASDAQ:BKNG) expects both revenue and gross bookings to increase at a mid-single-digit percentage rate, while adjusted earnings per share are projected to grow in the low double digits. Following this strong financial performance, analysts at Jefferies and JPMorgan raised their price targets for Booking Holdings to $5,400 and $5,750, respectively, citing high travel demand and the company’s expanding investments in social media marketing.

Additionally, the company’s Board of Directors approved a quarterly cash dividend of $9.60 per share, marking a 10% increase from the previous dividend of $8.75. The dividend is set to be distributed on March 31, 2025, to stockholders recorded as of March 7, 2025. Institutional interest in Booking Holdings Inc. (NASDAQ:BKNG) has also grown, with Insider Monkey’s data showing that 99 hedge funds held stakes in the company at the end of Q4, representing a combined value of nearly $10.14 billion—up from 93 funds in the previous quarter. The increasing hedge fund investments reflect strong institutional confidence, reinforcing Booking Holdings’ position as a top stock to buy according to Durable Capital Partners.