Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 963 shares of the business services provider’s stock after purchasing an additional 31 shares during the quarter. Van ECK Associates Corp’s holdings in Booking were worth $4,785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Garner Asset Management Corp boosted its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its position in Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares in the last quarter. First Bank & Trust boosted its position in Booking by 2.4% during the third quarter. First Bank & Trust now owns 130 shares of the business services provider’s stock worth $548,000 after purchasing an additional 3 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in Booking by 1.8% during the third quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock worth $714,000 after purchasing an additional 3 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in Booking by 0.4% during the third quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock worth $3,517,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG stock opened at $5,141.88 on Wednesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market cap of $170.18 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. The stock has a 50-day simple moving average of $4,917.64 and a 200-day simple moving average of $4,520.66.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Susquehanna boosted 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. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company reduced their price objective on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Wedbush upped their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.