Stratos Investment Management LLC Has $8.29 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Stratos Investment Management LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,668 shares of the business services provider’s stock after purchasing an additional 9 shares during the quarter. Stratos Investment Management LLC’s holdings in Booking were worth $8,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Garner Asset Management Corp lifted its holdings in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC boosted its position in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Booking by 23.1% during the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after buying an additional 3 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after buying an additional 3 shares in the last quarter. Finally, Procyon Advisors LLC raised its stake in shares of Booking by 1.1% in the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock valued at $1,121,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on BKNG shares. Benchmark restated a “buy” rating and set a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Performance

NASDAQ BKNG opened at $4,678.94 on Wednesday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business has a 50 day simple moving average of $4,983.86 and a 200 day simple moving average of $4,442.11. The stock has a market cap of $154.87 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.62 and a beta of 1.39.

Booking Company 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.