5 Best Cheap Growth Stocks To Buy Now

2. Booking Holdings Inc. (NASDAQ:BKNG)

Number of hedge fund holders: 93

Booking Holdings Inc. (NASDAQ:BKNG) provides travel and restaurant online reservations and related services worldwide.

Analysts expect the company to grow earnings by an average annual rate of 48.81% over the next five years.

On September 12, 2022, Tom White, an analyst with DA Davidson, decreased the company’s price target for Booking Holdings from $2,300 to $2,150 while maintaining a Neutral rating on the stock. The average analyst price target for the stock is $2397.46.

As of Q2 2022, 93 of the 895 hedge funds tracked by Insider Monkey have positions in Booking Holdings Inc. (NASDAQ:BKNG), worth $5.5 billion. Its largest shareholder is Ken Griffin’s Citadel Investment Group with ownership of 761,500 shares valued at $1.3 billion.