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Valued at a market cap of $137.6 billion, Booking Holdings Inc. (BKNG) provides online and traditional travel and restaurant reservations and related services. The Norwalk, Connecticut-based company also offers travel-related insurance products, payment facilitation, and restaurant management services to consumers, travel service providers, and restaurants.
This travel services company has considerably trailed behind the broader market over the past 52 weeks. Shares of BKNG have declined 21.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.7%. Moreover, on a YTD basis, the stock is down 25.2%, compared to SPX’s marginal rise.