Abel Hall LLC Acquires New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Abel Hall LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 43 shares of the business services provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Icon Wealth Advisors LLC boosted its stake in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the third quarter valued at about $5,322,600,000. Empirical Asset Management LLC bought a new position in shares of Booking during the fourth quarter valued at about $207,089,000. Harvard Management Co. Inc. purchased a new position in shares of Booking in the third quarter worth about $155,427,000. Finally, Claro Advisors LLC lifted its stake in shares of Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on BKNG. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target 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. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Ten investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Performance

NASDAQ:BKNG opened at $4,721.86 on Thursday. The firm has a market cap of $156.29 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a 50-day simple moving average of $5,015.36 and a two-hundred day simple moving average of $4,422.40.

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.