2,902 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Bought by Longbow Finance SA

Longbow Finance SA bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,902 shares of the business services provider’s stock, valued at approximately $14,418,000. Booking comprises 1.6% of Longbow Finance SA’s holdings, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its stake in 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 purchasing an additional 6 shares during the last quarter. Addison Advisors LLC grew its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $5,049.08 on Tuesday. The firm has a market capitalization of $165.66 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a 50 day moving average of $4,901.28 and a 200 day moving average of $4,580.38.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday. JMP Securities reissued a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Oppenheimer boosted their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.