Red Wave Investments LLC Acquires Shares of 42 Booking Holdings Inc. (NASDAQ:BKNG)

Red Wave Investments LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42 shares of the business services provider’s stock, valued at approximately $209,000.

A number of other large investors also recently modified their holdings of BKNG. VisionPoint Advisory Group LLC raised its holdings in shares of Booking by 4.1% in the 4th quarter. VisionPoint Advisory Group LLC now owns 77 shares of the business services provider’s stock worth $379,000 after acquiring an additional 3 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Booking during the 4th quarter worth approximately $234,000. Prakash Investment Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth approximately $999,000. First Bank & Trust lifted its holdings in shares of Booking by 6.9% in the fourth quarter. First Bank & Trust now owns 139 shares of the business services provider’s stock valued at $691,000 after purchasing an additional 9 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Booking by 42.8% during the fourth quarter. Ieq Capital LLC now owns 5,233 shares of the business services provider’s stock valued at $26,002,000 after buying an additional 1,568 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of analyst reports. Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Barclays increased their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Trading Down 0.6 %

Booking stock opened at $4,989.22 on Friday. The firm has a 50 day simple moving average of $4,903.34 and a 200 day simple moving average of $4,551.96. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market capitalization of $165.14 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. On average, equities research analysts forecast that Booking Holdings Inc. will post 207.62 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.