Narus Financial Partners LLC Purchases New Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Narus Financial Partners LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 50 shares of the business services provider’s stock, valued at approximately $248,000.

Other institutional investors have also modified their holdings of the company. Algert Global LLC grew its position in shares of Booking by 34.5% in the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after acquiring an additional 30 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Booking by 3.6% in the second quarter. Cetera Investment Advisers now owns 7,502 shares of the business services provider’s stock worth $29,722,000 after purchasing an additional 261 shares during the period. Sanctuary Advisors LLC bought a new stake in Booking during the second quarter valued at $6,168,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Booking by 74.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,515 shares of the business services provider’s stock worth $105,039,000 after purchasing an additional 11,315 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of Booking by 49.5% in the 2nd quarter. Centaurus Financial Inc. now owns 145 shares of the business services provider’s stock worth $575,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 1.1 %

NASDAQ BKNG opened at $4,774.33 on Friday. The company has a market capitalization of $158.03 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm’s fifty day simple moving average is $5,009.47 and its 200-day simple moving average is $4,424.49.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKNG. Morgan Stanley boosted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. DA Davidson upped their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.