Quilter Plc Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Quilter Plc bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45 shares of the business services provider’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $25,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the 3rd quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake in shares of Booking by 600.0% during the 4th 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. Finally, Addison Advisors LLC lifted its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BKNG shares. Susquehanna upped their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Barclays boosted their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Cantor Fitzgerald dropped their price objective on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group upped their price objective on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer upped their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten 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 company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Performance

Booking stock opened at $4,887.47 on Monday. The company has a 50 day moving average price of $4,947.51 and a 200 day moving average price of $4,461.75. The firm has a market capitalization of $161.78 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking Company 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.