Principal Financial Group Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,038 shares of the business services provider's stock after selling 559 shares during the period. Principal Financial Group Inc. owned 0.12% of Booking worth $193,957,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC raised its position in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new stake in Booking in the third quarter valued at $5,322,600,000. Empirical Asset Management LLC purchased a new stake in Booking in the fourth quarter valued at $207,089,000. Harvard Management Co. Inc. purchased a new stake in Booking in the third quarter valued at $155,427,000. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Booking by 61.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider's stock valued at $253,762,000 after buying an additional 19,391 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a report 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 report on Friday. Benchmark reiterated a "buy" rating and issued a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Morgan Stanley boosted their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Bank of America boosted their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,197.57.
Check Out Our Latest Analysis on BKNG
Booking Price Performance
Shares of BKNG stock traded up $238.44 during trading hours on Friday, reaching $5,256.67. 252,352 shares of the company's stock were exchanged, compared to its average volume of 257,720. The company has a market cap of $174.00 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The company's 50 day moving average is $4,908.11 and its two-hundred day moving average is $4,540.81. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. As a group, analysts predict that Booking Holdings Inc. will post 181.63 EPS for the current fiscal year.
About Booking
(
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.
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