FFG Partners LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

FFG Partners LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 100 shares of the business services provider’s stock, valued at approximately $497,000. Booking accounts for 0.2% of FFG Partners LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other large investors have also recently made changes to their positions in BKNG. Garner Asset Management Corp raised its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC increased its holdings in shares of Booking by 2.2% in the third 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 period. Hexagon Capital Partners LLC boosted its holdings in Booking by 23.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 3 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Booking by 1.1% during the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent research reports. Cantor Fitzgerald reduced their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Tigress Financial boosted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Barclays increased their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Performance

BKNG stock opened at $4,779.71 on Friday. The company has a market capitalization of $158.21 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s 50 day moving average price is $4,962.67 and its two-hundred day moving average price is $4,448.89.

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.