Trust Point Inc. Acquires 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Trust Point Inc. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 461 shares of the business services provider’s stock after buying an additional 5 shares during the period. Trust Point Inc.’s holdings in Booking were worth $2,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new stake in Booking in the third quarter worth about $5,322,600,000. Empirical Asset Management LLC purchased a new stake in shares of Booking during the fourth quarter valued at approximately $207,089,000. Harvard Management Co. Inc. purchased a new stake in Booking in the third quarter worth approximately $155,427,000. Finally, Claro Advisors LLC boosted its holdings in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKNG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Susquehanna increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Piper Sandler upped their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Ten 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,692.90 on Tuesday. The firm has a market cap of $155.33 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The firm’s 50 day simple moving average is $4,992.18 and its 200-day simple moving average is $4,436.74. 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.