China Universal Asset Management Co. Ltd. Raises Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

China Universal Asset Management Co. Ltd. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,589 shares of the business services provider's stock after purchasing an additional 371 shares during the quarter. Booking comprises about 0.7% of China Universal Asset Management Co. Ltd.'s investment portfolio, making the stock its 28th largest position. China Universal Asset Management Co. Ltd.'s holdings in Booking were worth $7,895,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the third quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at $29,000. Finally, Addison Advisors LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG stock traded up $55.97 on Wednesday, hitting $4,734.91. 121,356 shares of the stock traded hands, compared to its average volume of 252,670. The firm's 50-day moving average price is $4,973.14 and its two-hundred day moving average price is $4,447.13. The stock has a market capitalization of $156.73 billion, a PE ratio of 32.14, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Analyst Ratings Changes

BKNG has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. DA Davidson raised their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. UBS Group raised their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Benchmark reiterated a "buy" rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Finally, Baird R W upgraded shares of Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,044.43.

Booking Company 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.