Convergence Investment Partners LLC Has $1.31 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Convergence Investment Partners LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263 shares of the business services provider's stock after acquiring an additional 89 shares during the period. Convergence Investment Partners LLC's holdings in Booking were worth $1,307,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mogy Joel R Investment Counsel Inc. raised its holdings in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after buying an additional 264 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB raised its holdings in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock valued at $896,455,000 after buying an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock valued at $29,160,000 after buying an additional 368 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after buying an additional 2,010 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG traded up $3.14 during midday trading on Friday, reaching $5,021.37. 541,578 shares of the company traded hands, compared to its average volume of 266,352. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a 50-day moving average price of $4,908.11 and a 200 day moving average price of $4,540.81. The company has a market cap of $166.21 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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 net margin of 21.85% and a negative return on equity of 166.06%. The business had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. As a group, analysts expect that Booking Holdings Inc. will post 181.63 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on BKNG. B. Riley raised their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday. Citigroup raised their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday. Mizuho raised their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Saturday, November 9th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Booking presently 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.