First Citizens Bank & Trust Co. Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

First Citizens Bank & Trust Co. acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 62 shares of the business services provider’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Garner Asset Management Corp grew its holdings in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during 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 worth $383,000 after buying an additional 2 shares during the last quarter. Quent Capital LLC increased 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 worth $477,000 after buying an additional 3 shares during the period. Hexagon Capital Partners LLC lifted its stake in Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after buying an additional 3 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 0.2 %

Shares of Booking stock opened at $4,684.68 on Wednesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market cap of $155.05 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.57 and a beta of 1.41. The stock has a 50-day moving average price of $5,021.20 and a 200 day moving average price of $4,417.76.

Analysts Set New Price Targets

BKNG has been the topic of a number of analyst reports. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Robert W. Baird assumed coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Finally, Bank of America boosted their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten equities research 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’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $4,997.64.

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.