Optas LLC Purchases 9 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Optas LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110 shares of the business services provider’s stock after acquiring an additional 9 shares during the quarter. Optas LLC’s holdings in Booking were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking during the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the fourth quarter worth $25,000. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC acquired a new position in Booking in the third quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. lifted its position in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.9 %

Shares of NASDAQ BKNG opened at $4,692.90 on Tuesday. The stock’s 50-day simple moving average is $4,992.18 and its two-hundred day simple moving average is $4,436.74. The firm has a market capitalization of $155.33 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

Wall Street Analyst Weigh In

A number of analysts recently commented on BKNG shares. Cantor Fitzgerald decreased their target price on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Citigroup lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays upped their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Piper Sandler lifted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Ten research 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 stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

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.