MGB Wealth Management LLC Has $273,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

MGB Wealth Management LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. MGB Wealth Management LLC’s holdings in Booking were worth $273,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BKNG. Grove Bank & Trust increased its position in shares of Booking by 128.6% during the third quarter. Grove Bank & Trust now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 9 shares in the last quarter. Regatta Capital Group LLC boosted its stake in Booking by 2.0% in the 3rd quarter. Regatta Capital Group LLC now owns 885 shares of the business services provider’s stock worth $3,727,000 after purchasing an additional 17 shares during the period. Jamison Private Wealth Management Inc. bought a new position in Booking during the 3rd quarter worth about $25,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Booking in the 3rd quarter valued at about $202,000. Finally, Sunpointe LLC bought a new stake in shares of Booking in the third quarter valued at about $253,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 2.5 %

Shares of NASDAQ BKNG opened at $5,018.11 on Thursday. The firm has a market cap of $166.10 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. The business’s 50 day moving average is $4,934.95 and its 200-day moving average is $4,483.62. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. Susquehanna increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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. Ten 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

About Booking

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.