Smith Group Asset Management LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,403 shares of the business services provider's stock after purchasing an additional 580 shares during the period. Booking accounts for about 3.1% of Smith Group Asset Management LLC's holdings, making the stock its 5th biggest position. Smith Group Asset Management LLC's holdings in Booking were worth $41,750,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC grew its stake in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking in the 3rd quarter valued at $5,322,600,000. Empirical Asset Management LLC purchased a new stake in Booking in the 4th quarter valued at $207,089,000. Harvard Management Co. Inc. acquired a new stake in Booking during the 3rd quarter worth $155,427,000. Finally, Claro Advisors LLC grew its position in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider's stock worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Booking Stock Performance
BKNG stock traded down $36.77 during trading on Friday, hitting $4,737.56. The stock had a trading volume of 245,142 shares, compared to its average volume of 235,233. The stock has a market cap of $156.80 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. The company's 50 day moving average price is $4,992.18 and its two-hundred day moving average price is $4,431.43. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.
Analysts Set New Price Targets
BKNG has been the subject of several recent research reports. Benchmark reiterated a "buy" rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Tigress Financial lifted their target price on Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a research note on Monday, November 18th. Wedbush upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler upped their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Ten 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 company's stock. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,044.43.
Read Our Latest Research Report on Booking
About Booking
(
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.
See Also
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