BKNG

Booking Holdings Inc

TMT


Presented:08/21/2013
Price:$932.77
Cap:$48.00B
Current Price:$4,307.77
Cap:$144.42B

Presented

Date08/21/2013
Price$932.77
Market Cap$48.00B
Ent Value$44.39B
P/E Ratio26.97x
Book Value$164.96
Div YieldN/A
Shares O/S51.50M
Ave Daily Vol740,000
Short Int5.11%

Current

Price$4,307.77
Market Cap$144.42B
Booking Holdings Inc is an online travel company, which provides consumers accommodation reservations including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties through its Booking.com, priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The company also allows consumers to easily compare airline ticket, hotel reservation and rental car reservation information from hundreds of travel websites at once through KAYAK. It provides services in Europe, North America, South America, the Asia-Pacific region, the Middle East and Africa. The Priceline Group was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.

Please note, on 02/23/18 The Priceline Group, Inc. (PCLN) changed it’s company name and ticker to Booking Holdings Inc. (BKNG). The content of this idea will make reference to the original company name and ticker symbol.

Highlights

The presenter has taken a contrarian view of priceline.com, and is bearish on the outlook for the largest OTA in the market. The market may not respect the potential long-term risk the company faces if travelers change the way they search for hotels online; metasearch puts OTAs at a disadvantage, and PCLN could see its growth rate in earnings (EBITDA and bottom line) decelerate into 2014.

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Idea Discussion

Commentor 1 - 2 weeks ago

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