BKNG - Booking: Despite New Dividend Upside Remains Limited

2024-03-27 17:59:35 ET

Summary

• Booking's stock performance has been flat this year, and its future potential from the 2024 summer travel season is already priced in.
• The stock is trading at a robust 21x FY24 P/E ratio.
• While Booking has initiated its first dividend, it does not make up for the fair valuation and slowing growth.
• The company is also facing a number of legal squabbles at the moment, including with the government of Spain which has fined the company $530 million.

With markets hovering near all-time highs, it’s a great time for investors to review their portfolios and make some rebalancing decisions, especially as jitteriness over the pace of interest rate cuts persist....

For further details see: