Alberta Investment Management Corp increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 160.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300 shares of the business services provider's stock after buying an additional 800 shares during the quarter. Alberta Investment Management Corp's holdings in Booking were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake 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 buying an additional 6 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Booking during the 4th quarter valued at $42,000. Finally, Addison Advisors LLC grew 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 in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on BKNG shares. Citigroup lifted their price objective on Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Cantor Fitzgerald increased their price objective on Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a report on Friday. B. Riley raised their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a research report on Friday. Finally, Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $5,370.43.
Read Our Latest Research Report on Booking
Booking Trading Up 0.0 %
BKNG traded up $0.46 during midday trading on Friday, reaching $5,018.69. The company's stock had a trading volume of 541,578 shares, compared to its average volume of 266,352. The stock has a market cap of $166.12 billion, a P/E ratio of 34.01, a PEG ratio of 1.77 and a beta of 1.39. The company has a fifty day simple moving average of $4,908.11 and a 200 day simple moving average of $4,540.81. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Sell-side analysts expect that Booking Holdings Inc. will post 181.63 earnings per share for the current year.
Booking Company Profile
(
Free Report)
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.
Further Reading
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
