Paragon Capital Management Inc. Has $1.97 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Paragon Capital Management Inc. decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 397 shares of the business services provider’s stock after selling 36 shares during the quarter. Booking accounts for about 1.5% of Paragon Capital Management Inc.’s portfolio, making the stock its 16th largest position. Paragon Capital Management Inc.’s holdings in Booking were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BKNG. Algert Global LLC lifted its stake in Booking by 34.5% in the second 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 period. Czech National Bank raised its position in shares of Booking by 5.6% during the third quarter. Czech National Bank now owns 6,829 shares of the business services provider’s stock worth $28,765,000 after purchasing an additional 363 shares during the period. GAMMA Investing LLC raised its position in shares of Booking by 27.4% during the third quarter. GAMMA Investing LLC now owns 400 shares of the business services provider’s stock worth $1,685,000 after purchasing an additional 86 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Booking by 130.0% during the third quarter. Miracle Mile Advisors LLC now owns 276 shares of the business services provider’s stock worth $1,163,000 after purchasing an additional 156 shares during the period. Finally, Aprio Wealth Management LLC raised its position in shares of Booking by 11.7% during the third quarter. Aprio Wealth Management LLC now owns 86 shares of the business services provider’s stock worth $362,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BKNG shares. Susquehanna raised their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Piper Sandler raised their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Performance

Booking stock opened at $4,678.94 on Wednesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $154.87 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The stock has a fifty day moving average of $4,983.86 and a 200-day moving average of $4,442.11.

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.