Narus Financial Partners LLC Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Narus Financial Partners LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKNG. Garner Asset Management Corp grew its stake in shares of Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during the last quarter. Optimist Retirement Group LLC increased its stake in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares during the period. Quent Capital LLC lifted its stake in shares of Booking by 2.7% in the 3rd quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after acquiring an additional 3 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKNG. UBS Group boosted their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler boosted their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given 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 $5,044.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,774.33 on Friday. The stock has a 50-day simple moving average of $5,009.47 and a 200-day simple moving average of $4,424.49. The stock has a market capitalization of $158.03 billion, a P/E ratio of 32.40, a PEG ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

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.