Los Angeles Capital Management LLC Raises Position in Booking Holdings Inc. (NASDAQ:BKNG)

Los Angeles Capital Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 119.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,048 shares of the business services provider’s stock after acquiring an additional 18,531 shares during the quarter. Booking accounts for approximately 0.7% of Los Angeles Capital Management LLC’s portfolio, making the stock its 26th largest holding. Los Angeles Capital Management LLC’s holdings in Booking were worth $169,165,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking during the fourth quarter valued at about $25,000. Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Booking during the fourth quarter valued at about $42,000. Finally, Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. B. Riley raised their price objective on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley raised their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald raised their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Up 1.2 %

NASDAQ:BKNG opened at $5,049.08 on Tuesday. 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 50 day moving average of $4,901.28 and a 200 day moving average of $4,580.38. The stock has a market capitalization 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 posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

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.