R Squared Ltd Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

R Squared Ltd bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80 shares of the business services provider’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ascent Group LLC boosted its stake in shares of Booking by 22.4% during the second quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock valued at $606,000 after purchasing an additional 28 shares during the period. Algert Global LLC grew its holdings in Booking by 34.5% in the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after acquiring an additional 30 shares during the last quarter. Creative Planning increased its position in shares of Booking by 17.3% in the second quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock valued at $17,414,000 after acquiring an additional 649 shares during the period. NewEdge Advisors LLC raised its stake in shares of Booking by 6.8% during the second quarter. NewEdge Advisors LLC now owns 2,032 shares of the business services provider’s stock valued at $8,050,000 after acquiring an additional 130 shares during the last quarter. Finally, Invst LLC purchased a new stake in shares of Booking during the second quarter worth about $206,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. BMO Capital Markets upped their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lifted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Up 0.2 %

Shares of Booking 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 company’s 50 day moving average is $5,021.20 and its 200 day moving average is $4,417.76. The company has a market cap of $155.06 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

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.