Caprock Group LLC Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Caprock Group LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,759 shares of the business services provider’s stock after purchasing an additional 115 shares during the quarter. Caprock Group LLC’s holdings in Booking were worth $8,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Garner Asset Management Corp raised its stake in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC grew its stake in Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the last quarter. Quent Capital LLC boosted its position in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock valued at $477,000 after buying an additional 3 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in shares of Booking by 1.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,798.49 on Friday. The stock’s 50-day simple moving average is $5,000.97 and its 200-day simple moving average is $4,426.92. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market capitalization of $158.83 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several analyst reports. Tigress Financial boosted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. B. Riley upped their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.