Empower Advisory Group LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,366 shares of the business services provider's stock after purchasing an additional 385 shares during the period. Empower Advisory Group LLC's holdings in Booking were worth $26,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the fourth quarter valued at $25,000. Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares during the period. Addison Advisors LLC increased its holdings in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.
Wall Street Analysts Forecast Growth
BKNG has been the subject of a number of recent analyst reports. StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Robert W. Baird assumed coverage on Booking in a research report on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price target on the stock. BMO Capital Markets increased their target price on Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Susquehanna upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Finally, Argus cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,244.00.
Get Our Latest Analysis on Booking
Booking Stock Performance
NASDAQ:BKNG traded up $205.49 during trading hours on Friday, hitting $5,223.72. The company's stock had a trading volume of 286,480 shares, compared to its average volume of 258,906. The company has a market capitalization of $172.90 billion, a PE ratio of 35.63, a PEG ratio of 1.77 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business's 50-day moving average is $4,908.11 and its two-hundred day moving average is $4,540.81.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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%. The firm had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. As a group, analysts predict that Booking Holdings Inc. will post 181.63 EPS for the current fiscal year.
Booking Profile
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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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