Callahan Advisors LLC Buys 47 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Callahan Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,065 shares of the business services provider’s stock after buying an additional 47 shares during the quarter. Booking makes up 1.9% of Callahan Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Callahan Advisors LLC’s holdings in Booking were worth $20,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking during the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. raised its position in Booking by 600.0% during the 4th 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 last quarter. Addison Advisors LLC raised its position in Booking by 80.0% during the 3rd 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 last quarter. Finally, Carmichael Hill & Associates Inc. raised its position in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Susquehanna increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Oppenheimer increased their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Nine research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Price Performance

BKNG stock opened at $5,044.40 on Tuesday. The company has a market cap of $166.97 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock’s fifty day moving average price is $4,917.64 and its 200-day moving average price is $4,520.66.

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.