Tritonpoint Wealth LLC Purchases Shares of 50 Booking Holdings Inc. (NASDAQ:BKNG)

Tritonpoint Wealth LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 50 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Mogy Joel R Investment Counsel Inc. increased its holdings in Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares in the last quarter. Nordea Investment Management AB increased its stake in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its position in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after purchasing an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BKNG. Bank of America increased their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Truist Financial boosted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Performance

Shares of Booking stock opened at $4,737.56 on Monday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a fifty day moving average of $4,992.18 and a two-hundred day moving average of $4,433.62. The stock has a market capitalization of $156.81 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41.

About Booking

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.