Todd Asset Management LLC Acquires 313 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Todd Asset Management LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 5,682 shares of the business services provider’s stock after purchasing an additional 313 shares during the quarter. Todd Asset Management LLC’s holdings in Booking were worth $28,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Garner Asset Management Corp boosted its position in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC increased its position in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares in the last quarter. Modera Wealth Management LLC raised its holdings in Booking by 0.4% during the third quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock worth $3,517,000 after buying an additional 3 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Booking by 1.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock valued at $1,258,000 after buying an additional 3 shares in the last quarter. Finally, Seascape Capital Management grew its holdings in shares of Booking by 0.3% during the third quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of Booking stock opened at $5,049.08 on Tuesday. The company has a 50-day moving average of $4,901.28 and a 200 day moving average of $4,580.38. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market cap of $165.66 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of analyst reports. Robert W. Baird started coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Citigroup raised their target price on Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday. B. Riley upped their price target on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reissued a “neutral” rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a research report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.