Ieq Capital LLC Acquires 1,568 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ieq Capital LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,233 shares of the business services provider's stock after acquiring an additional 1,568 shares during the period. Ieq Capital LLC's holdings in Booking were worth $26,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC bought a new stake in Booking during the 3rd quarter worth approximately $203,000. Ledyard National Bank acquired a new position in shares of Booking in the third quarter valued at approximately $265,000. Foundations Investment Advisors LLC increased its position in shares of Booking by 7.9% during the third quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider's stock worth $1,837,000 after acquiring an additional 32 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Booking by 1.1% during the third quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider's stock worth $3,169,000 after acquiring an additional 8 shares in the last quarter. Finally, Eastern Bank raised its holdings in shares of Booking by 82.4% during the third quarter. Eastern Bank now owns 124 shares of the business services provider's stock worth $522,000 after acquiring an additional 56 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. UBS Group upped their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company upped their price objective on Booking from $4,470.00 to $5,248.00 and gave the stock an "equal weight" rating in a research report on Friday. Mizuho lifted their price objective 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. Susquehanna increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.

Booking Trading Down 0.3 %

Shares of NASDAQ:BKNG traded down $13.00 on Friday, hitting $5,005.23. The company had a trading volume of 570,128 shares, compared to its average volume of 267,101. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year 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 stock has a market cap of $165.67 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Sell-side analysts anticipate that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

Booking 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.