Booking Holdings Inc. (NASDAQ:BKNG) Shares Acquired by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 77 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Booking were worth $379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKNG. Mogy Joel R Investment Counsel Inc. lifted its holdings in Booking by 16.4% during the 4th 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 during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares in the last quarter. Nordea Investment Management AB lifted its stake 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 purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after purchasing an additional 368 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BKNG shares. Mizuho raised their price target 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. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Barclays upped their target price on Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company raised their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Robert W. Baird started coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,989.22 on Friday. 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 $165.14 billion, a P/E ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39. The stock has a fifty day moving average price of $4,903.34 and a two-hundred day moving average price 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. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. On average, research analysts predict that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

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.