Allworth Financial LP Purchases 94 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Allworth Financial LP raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 317 shares of the business services provider's stock after acquiring an additional 94 shares during the quarter. Allworth Financial LP's holdings in Booking were worth $1,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock worth $3,350,605,000 after buying an additional 11,211 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock worth $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock worth $1,763,797,000 after buying an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock worth $1,249,311,000 after buying an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC lifted its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

BKNG stock traded down $29.01 during trading on Friday, reaching $4,989.22. 724,045 shares of the company were exchanged, compared to its average volume of 272,448. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a 50-day moving average of $4,908.11 and a two-hundred day moving average of $4,540.81. The company has a market capitalization of $165.14 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. On average, analysts forecast that Booking Holdings Inc. will post 181.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oppenheimer lifted their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Piper Sandler reiterated a "neutral" rating and issued a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an "overweight" rating in a research note on Friday. Robert W. Baird assumed coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 price objective for the company. Finally, Cantor Fitzgerald lifted their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research note on Friday. Nine equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,370.43.

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.