GEM Asset Management LLC Takes $209,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

GEM Asset Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, Holdings Channel reports. The firm bought 42 shares of the business services provider’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter worth about $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. raised 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 valued at $36,000 after purchasing an additional 6 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $4,897.32 on Wednesday. The firm’s 50 day moving average is $4,941.29 and its 200-day moving average is $4,475.19. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $162.10 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.65 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BKNG shares. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Citigroup raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Mizuho lifted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Wells Fargo & Company reduced their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, Bank of America lifted their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.