CIBC Asset Management Inc Purchases 231 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CIBC Asset Management Inc grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,671 shares of the business services provider’s stock after acquiring an additional 231 shares during the period. CIBC Asset Management Inc’s holdings in Booking were worth $53,018,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth $25,000. Valley National Advisers Inc. lifted its position in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the period. Addison Advisors LLC boosted its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 0.7 %

Shares of NASDAQ:BKNG opened at $5,044.40 on Monday. The firm’s 50 day moving average price is $4,919.75 and its 200-day moving average price is $4,510.94. The stock has a market capitalization of $166.97 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. DA Davidson increased their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Wedbush boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Tigress Financial upped their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.