Truist Financial Corp Buys 591 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Truist Financial Corp raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 29,569 shares of the business services provider's stock after purchasing an additional 591 shares during the quarter. Truist Financial Corp owned 0.09% of Booking worth $146,910,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter valued at about $25,000. Valley National Advisers Inc. increased its stake in Booking by 600.0% in the fourth 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 period. Addison Advisors LLC increased its stake in Booking by 80.0% in the third 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 period. Finally, Carmichael Hill & Associates Inc. increased its stake in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 1.8 %

NASDAQ BKNG traded down $92.37 during trading hours on Thursday, hitting $5,018.23. The company's stock had a trading volume of 299,713 shares, compared to its average volume of 258,695. The stock has a fifty day moving average of $4,913.12 and a 200 day moving average of $4,537.47. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $166.10 billion, a P/E ratio of 34.05, a PEG ratio of 1.78 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share 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%. On average, analysts predict that Booking Holdings Inc. will post 181.71 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Barclays boosted their price target 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. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, 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 research report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,044.43.

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.