Booking Holdings Inc. (NASDAQ:BKNG) Holdings Boosted by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,818 shares of the business services provider’s stock after purchasing an additional 28 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Booking were worth $13,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Icon Wealth Advisors LLC boosted its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Booking in the fourth quarter worth $207,089,000. Bryn Mawr Capital Management LLC boosted its position in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after buying an additional 37,477 shares during the period. Harvard Management Co. Inc. acquired a new stake in shares of Booking in the third quarter worth $155,427,000. Finally, AustralianSuper Pty Ltd boosted its position in shares of Booking by 61.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock worth $253,762,000 after buying an additional 19,391 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BKNG shares. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Wedbush raised their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. UBS Group raised their target price on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday. Bank of America raised their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Susquehanna raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Trading Down 0.6 %

NASDAQ:BKNG opened at $4,989.22 on Friday. The stock has a market capitalization of $165.14 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.39. The firm has a fifty day simple moving average of $4,903.34 and a two-hundred day simple moving average of $4,551.96. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. Equities analysts predict that Booking Holdings Inc. will post 207.62 earnings per share for the current fiscal year.

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.