BKNG

Booking Holdings Inc

TMT, Consumer


Presented:06/12/2015
Price:$1,174.17
Cap:N/A
Current Price:$4,307.77
Cap:$144.42B

Presented

Date06/12/2015
Price$1,174.17
Market CapN/A
Ent Value$61.68B
P/E Ratio25.61x
Book Value$166.49
Div Yield0%
Shares O/S51.83M
Ave Daily Vol599,175
Short Int2.77%

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.
Publicly traded companies mentioned herein: Ctrip.com International (CTRP), Expedia Inc (EXPE), Priceline Group Inc/The (PCLN), Tripadvisor Inc (TRIP)

Highlights

The presenter is long shares of Priceline (PCLN), citing two major trends for the core business as well as five points of additional upside possibility. With multiple tailwinds, PCLN is set to continue outpacing general industry growth as well as take additional market share. In a bull case scenario, he believes PCLN can achieve $97 2017 EPS, translating to a $2100 price target on a 22x multiple.

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Idea Discussion

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