Birch Hill Investment Advisors LLC Increases Position in Booking Holdings Inc. (NASDAQ:BKNG)

Birch Hill Investment Advisors LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Booking were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jamison Private Wealth Management Inc. acquired a new position in Booking during the third quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKNG. Wedbush upped their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Robert W. Baird initiated coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. Royal Bank of Canada raised their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Trading Up 2.3 %

BKNG opened at $4,887.47 on Friday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a 50 day moving average of $4,947.51 and a 200 day moving average of $4,457.98. The company has a market cap of $161.78 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39.

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.