Cornerstone Wealth Group LLC Invests $257,000 in Booking Holdings Inc. (NASDAQ:BKNG)

Cornerstone Wealth Group LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52 shares of the business services provider’s stock, valued at approximately $257,000.

Other institutional investors also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the fourth quarter valued at approximately $25,000. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the third quarter valued at $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking during the 3rd quarter worth $29,000. Addison Advisors LLC grew its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of Booking by 66.7% in 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 in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG opened at $4,675.36 on Tuesday. The firm has a market capitalization of $154.75 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.57 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. The company’s 50 day moving average price is $5,028.05 and its 200 day moving average price is $4,412.56.

Analyst Ratings Changes

Several brokerages have weighed in on BKNG. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. JMP Securities restated a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Piper Sandler upped their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Ten 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

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.