VisionPoint Advisory Group LLC Raises Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

VisionPoint Advisory Group LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77 shares of the business services provider’s stock after acquiring an additional 3 shares during the period. VisionPoint Advisory Group LLC’s holdings in Booking were worth $379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. grew its holdings in shares of Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after buying an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB boosted its position in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after acquiring an additional 368 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target on the stock. Cantor Fitzgerald lifted their price target on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Trading Down 0.6 %

BKNG opened at $4,989.22 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $165.14 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39. The company has a fifty day simple moving average of $4,903.34 and a 200 day simple moving average of $4,551.96.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, analysts forecast that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

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.