Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,968 shares of the business services provider’s stock after acquiring an additional 62 shares during the quarter. Booking accounts for 1.5% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 12th biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Booking were worth $54,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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 acquired a new position in shares of Booking during the fourth quarter worth about $25,000. Valley National Advisers Inc. lifted its stake in shares of 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 purchasing an additional 6 shares in the last quarter. Promus Capital LLC acquired a new position in shares of Booking during the fourth quarter worth about $35,000. Finally, Roxbury Financial LLC acquired a new position in shares of Booking in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $4,989.22 on Friday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm has a market capitalization of $165.14 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The business has a 50 day simple moving average of $4,903.34 and a 200 day simple moving average of $4,551.96.

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, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, equities analysts anticipate that Booking Holdings Inc. will post 207.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on BKNG shares. Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets boosted their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays boosted their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.