Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 51.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263 shares of the business services provider’s stock after purchasing an additional 89 shares during the period. Convergence Investment Partners LLC’s holdings in Booking were worth $1,307,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Callahan Advisors LLC grew its position in Booking by 1.2% in the 4th quarter. Callahan Advisors LLC now owns 4,065 shares of the business services provider’s stock valued at $20,196,000 after acquiring an additional 47 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Booking by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider’s stock valued at $6,372,000 after purchasing an additional 62 shares during the period. Empower Advisory Group LLC grew its holdings in shares of Booking by 7.7% in the fourth quarter. Empower Advisory Group LLC now owns 5,366 shares of the business services provider’s stock valued at $26,659,000 after purchasing an additional 385 shares in the last quarter. Truist Financial Corp increased its stake in Booking by 2.0% during the 4th quarter. Truist Financial Corp now owns 29,569 shares of the business services provider’s stock worth $146,910,000 after buying an additional 591 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Booking by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 10,671 shares of the business services provider’s stock worth $53,018,000 after buying an additional 231 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on BKNG shares. Cfra raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Mizuho raised their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Down 0.6 %

NASDAQ BKNG opened at $5,110.60 on Thursday. 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 price of $4,913.12 and a 200 day moving average price of $4,537.47. The stock has a market capitalization of $169.16 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 1.39.

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.