CIBC Asset Management Inc Has $53.02 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

CIBC Asset Management Inc raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,671 shares of the business services provider's stock after acquiring an additional 231 shares during the period. CIBC Asset Management Inc's holdings in Booking were worth $53,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. raised its holdings in shares of Booking by 600.0% during the fourth 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 last quarter. Addison Advisors LLC raised its holdings in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ BKNG traded down $92.37 on Thursday, hitting $5,018.23. 299,713 shares of the stock were exchanged, compared to its average volume of 258,695. The company's 50-day moving average price is $4,913.12 and its two-hundred day moving average price is $4,537.47. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market capitalization of $166.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.78 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS 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%. Equities analysts predict that Booking Holdings Inc. will post 181.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Bank of America lifted their price target on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Tigress Financial boosted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a report on Monday, November 18th. Benchmark reissued a "buy" rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.