Cornerstone Wealth Group LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52 shares of the business services provider’s stock, valued at approximately $257,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Ascent Group LLC grew its holdings in Booking by 22.4% during the 2nd quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock valued at $606,000 after purchasing an additional 28 shares in the last quarter. Algert Global LLC boosted its position in Booking by 34.5% in the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock valued at $463,000 after buying an additional 30 shares during the last quarter. Creative Planning grew its stake in shares of Booking by 17.3% during the second quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock valued at $17,414,000 after acquiring an additional 649 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Booking by 6.8% during the second quarter. NewEdge Advisors LLC now owns 2,032 shares of the business services provider’s stock worth $8,050,000 after acquiring an additional 130 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. purchased a new stake in shares of Booking during the second quarter worth about $301,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Analysts Set New Price Targets
BKNG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.
Booking Stock Down 1.9 %
BKNG stock opened at $4,675.36 on Tuesday. The company has a 50-day simple moving average of $5,028.05 and a 200 day simple moving average of $4,412.56. The company has a market capitalization of $154.75 billion, a P/E ratio of 31.73, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.
Booking 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.
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