China Universal Asset Management Co. Ltd. Has $7.90 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

China Universal Asset Management Co. Ltd. boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 30.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,589 shares of the business services provider’s stock after buying an additional 371 shares during the period. Booking makes up approximately 0.7% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 28th biggest holding. China Universal Asset Management Co. Ltd.’s holdings in Booking were worth $7,895,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in shares of Booking by 24.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 91 shares of the business services provider’s stock worth $444,000 after acquiring an additional 18 shares during the period. Waldron Private Wealth LLC raised its stake in shares of Booking by 103.5% in the 4th quarter. Waldron Private Wealth LLC now owns 816 shares of the business services provider’s stock valued at $4,054,000 after purchasing an additional 415 shares during the period. Caprock Group LLC boosted its position in shares of Booking by 7.0% during the fourth quarter. Caprock Group LLC now owns 1,759 shares of the business services provider’s stock worth $8,742,000 after buying an additional 115 shares during the period. Saxony Capital Management LLC bought a new position in shares of Booking during the fourth quarter worth about $214,000. Finally, New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter valued at approximately $25,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of recent research reports. Cantor Fitzgerald lowered their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday. Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Tigress Financial lifted their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Wedbush boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Ten investment 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Price Performance

Booking stock opened at $4,737.56 on Friday. The stock’s fifty day moving average price is $4,992.18 and its two-hundred day moving average price is $4,431.43. The firm has a market cap of $156.81 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

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.