Summit Trail Advisors LLC Has $5.62 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Summit Trail Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,131 shares of the business services provider’s stock after purchasing an additional 189 shares during the quarter. Summit Trail Advisors LLC’s holdings in Booking were worth $5,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the 3rd quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. lifted its holdings in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Mizuho lifted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Price Performance

Shares of BKNG stock opened at $4,913.48 on Tuesday. The company has a market capitalization of $162.64 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.65 and a beta of 1.39. The company’s fifty day moving average price is $4,947.51 and its 200-day moving average price is $4,466.37. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

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.