Parthenon LLC Purchases 49 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Parthenon LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,558 shares of the business services provider’s stock after buying an additional 49 shares during the quarter. Booking makes up approximately 2.1% of Parthenon LLC’s investment portfolio, making the stock its 15th largest position. Parthenon LLC’s holdings in Booking were worth $17,678,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. lifted its position in shares of Booking by 600.0% in the 4th 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 during the period. Addison Advisors LLC increased its position 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 worth $38,000 after buying an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. raised its stake in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 0.6 %

Booking stock opened at $5,110.60 on Thursday. The stock has a market cap of $169.16 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 1.39. The company’s 50 day moving average price is $4,913.12 and its two-hundred day moving average price is $4,537.47. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Mizuho raised their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Wedbush boosted their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird assumed coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

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.