Rational Advisors LLC Has $8.45 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Rational Advisors LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 54.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,700 shares of the business services provider's stock after buying an additional 600 shares during the quarter. Booking accounts for about 0.8% of Rational Advisors LLC's investment portfolio, making the stock its 25th largest holding. Rational Advisors LLC's holdings in Booking were worth $8,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP raised its holdings in Booking by 40.0% in the fourth quarter. Capital Performance Advisors LLP now owns 49 shares of the business services provider's stock valued at $246,000 after acquiring an additional 14 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Booking in the 4th quarter valued at about $89,000. Mainsail Asset Management LLC bought a new stake in shares of Booking during the 4th quarter valued at about $224,000. Monument Capital Management raised its stake in Booking by 1.4% during the fourth quarter. Monument Capital Management now owns 856 shares of the business services provider's stock worth $4,255,000 after acquiring an additional 12 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in Booking by 14.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 81 shares of the business services provider's stock worth $403,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BKNG shares. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a "strong-buy" rating in a research report on Monday, November 18th. Cantor Fitzgerald reduced their price target on shares of Booking from $5,100.00 to $4,900.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Argus lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, DA Davidson upped their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,044.43.

Booking Stock Performance

BKNG traded down $92.37 during trading on Thursday, reaching $5,018.23. The company had a trading volume of 299,713 shares, compared to its average volume of 258,695. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.78 and a beta of 1.39. The firm's 50-day simple moving average is $4,913.12 and its 200 day simple moving average is $4,537.47.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Booking Holdings Inc. will post 181.71 EPS for the current 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.