Los Angeles Capital Management LLC Has $169.17 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Los Angeles Capital Management LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 119.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,048 shares of the business services provider’s stock after buying an additional 18,531 shares during the period. Booking comprises about 0.7% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Los Angeles Capital Management LLC owned 0.10% of Booking worth $169,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth about $25,000. Valley National Advisers Inc. raised its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Roxbury Financial LLC bought a new stake in Booking during the fourth quarter worth about $42,000. Finally, Addison Advisors LLC raised its holdings in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $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 analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday. Mizuho upped their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research note on Friday. Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada upped their target price on Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Up 1.2 %

Booking stock opened at $5,049.08 on Tuesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business’s 50 day simple moving average is $4,901.28 and its 200 day simple moving average is $4,580.38. The company has a market cap 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 (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Booking 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.