Avidian Wealth Enterprises LLC Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Avidian Wealth Enterprises LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70 shares of the business services provider’s stock after buying an additional 6 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Booking were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. raised its position in Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after acquiring an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares during the last quarter. Nordea Investment Management AB raised its position in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after acquiring an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 0.2 %

BKNG opened at $5,008.70 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a 50 day moving average of $4,930.45 and a two-hundred day moving average of $4,487.36. The company has a market cap of $165.79 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.65 and a beta of 1.39.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BKNG shares. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley boosted their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten equities research 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 company. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price 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.