Abound Financial LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 117 shares of the business services provider’s stock, valued at approximately $582,000.
A number of other hedge funds have also made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the 4th quarter valued at about $25,000. Valley National Advisers Inc. increased its holdings in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its stake in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. DA Davidson increased their target price on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday. B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada increased their target price on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.
Booking Price Performance
Booking stock opened at $4,989.22 on Friday. The company has a market capitalization of $165.13 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.74 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 business has a 50 day simple moving average of $4,903.34 and a 200 day simple moving average of $4,559.90.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Equities analysts anticipate that Booking Holdings Inc. will post 207.62 earnings per share for the current fiscal year.
Booking 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.
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