Stonebridge Financial Group LLC Takes Position in Booking Holdings Inc. (NASDAQ:BKNG)

Stonebridge Financial Group LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 51 shares of the business services provider’s stock, valued at approximately $253,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital lifted its holdings in shares of Booking by 3.0% during the fourth quarter. Core Alternative Capital now owns 171 shares of the business services provider’s stock worth $850,000 after purchasing an additional 5 shares during the period. Summit Trail Advisors LLC raised its position in Booking by 20.1% during the 4th quarter. Summit Trail Advisors LLC now owns 1,131 shares of the business services provider’s stock worth $5,618,000 after purchasing an additional 189 shares during the last quarter. Sapient Capital LLC lifted its holdings in Booking by 0.9% during the 4th quarter. Sapient Capital LLC now owns 7,376 shares of the business services provider’s stock worth $36,647,000 after buying an additional 65 shares during the period. Soltis Investment Advisors LLC bought a new stake in shares of Booking in the 4th quarter valued at about $276,000. Finally, Quilter Plc acquired a new stake in shares of Booking in the fourth quarter valued at about $224,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BKNG shares. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. DA Davidson boosted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Tigress Financial boosted their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Finally, Wedbush increased their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Stock Performance

Shares of BKNG opened at $4,897.32 on Wednesday. The firm 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. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a 50 day moving average price of $4,941.29 and a two-hundred day moving average price of $4,475.19.

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.