Booking Holdings Inc. (NASDAQ:BKNG) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,403 shares of the business services provider’s stock after purchasing an additional 580 shares during the quarter. Booking comprises 3.1% of Smith Group Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Smith Group Asset Management LLC’s holdings in Booking were worth $41,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the 4th quarter worth about $25,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter valued at about $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking in the third quarter valued at about $29,000. Addison Advisors LLC increased its stake in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its stake in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.2 %

BKNG stock opened at $4,684.68 on Wednesday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock’s 50 day moving average is $5,015.36 and its 200-day moving average is $4,422.40. The firm has a market capitalization of $155.06 billion, a PE ratio of 31.79, a P/E/G ratio of 1.57 and a beta of 1.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Morgan Stanley increased their price target on 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. Finally, Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,997.64.

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.