5 Best Stocks To Buy on Robinhood for Beginners

In this article, we discuss the 5 best stocks to buy on Robinhood for beginners. If you want to read our detailed analysis of these stocks, go directly to 12 Best Stocks To Buy on Robinhood for Beginners. 

5. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 81 

Booking Holdings Inc. (NASDAQ:BKNG) provides travel and restaurant online reservation and related services worldwide. On December 20, investment advisory Citi maintained a Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) stock and raised the price target to $4,100 from $3,425, noting that fundamentals were better positioned going into 2024 than into 2023 and there was a strong set up for performance in 2024 for North American internet names. 

At the end of the third quarter of 2023, 81 hedge funds in the database of Insider Monkey held stakes worth $5.8 billion in Booking Holdings Inc. (NASDAQ:BKNG), compared to 78 in the preceding quarter worth $6.5 billion. 

In its Q3 2023 investor letter, Ensemble Capital Management, an asset management firm, highlighted a few stocks and Booking Holdings Inc. (NASDAQ:BKNG) was one of them. Here is what the fund said: 

“Booking Holdings Inc. (NASDAQ:BKNG) (+14.21%): Despite macroeconomic worries and inflation eating into global consumers’ ability to spend, households around the world continue to prioritize travel. While so called “revenge travel,” or increased travel spending after being stuck inside during COVID, has likely run its course, global hotel room nights have only recently returned to pre-COVID trends. As COVID has mostly ceased to have an impact on travel, other than in Asia where China’s extended lockdown means a recovery is still ongoing, growth going forward is likely to be more modest. But during COVID, Booking stayed on offense and has been taking market share. Notably, the company’s alternative accommodations offering has grown substantially and in recent quarters has grown faster than Airbnb.”