Booking Holdings Inc. (NASDAQ:BKNG) Position Boosted by Todd Asset Management LLC

Todd Asset Management LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,682 shares of the business services provider’s stock after purchasing an additional 313 shares during the quarter. Todd Asset Management LLC’s holdings in Booking were worth $28,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. lifted its position in shares of Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after acquiring an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after purchasing an additional 368 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 1.2 %

Shares of BKNG stock opened at $5,049.08 on Tuesday. The firm’s fifty day moving average price is $4,901.28 and its two-hundred day moving average price is $4,580.38. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market capitalization of $165.66 billion, a P/E ratio of 29.18, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its earnings results 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Analysts Set New Price Targets

BKNG has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Susquehanna boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Wedbush raised their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

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.