Weaver Capital Management LLC Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Weaver Capital Management LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 18.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365 shares of the business services provider’s stock after purchasing an additional 58 shares during the period. Weaver Capital Management LLC’s holdings in Booking were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Stratos Investment Management LLC boosted its holdings in Booking by 0.5% in the 4th quarter. Stratos Investment Management LLC now owns 1,668 shares of the business services provider’s stock worth $8,289,000 after buying an additional 9 shares during the period. Retirement Systems of Alabama boosted its holdings in Booking by 131.9% in the 4th quarter. Retirement Systems of Alabama now owns 16,904 shares of the business services provider’s stock worth $83,986,000 after buying an additional 9,616 shares during the period. E. Ohman J or Asset Management AB boosted its holdings in Booking by 10.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 1,600 shares of the business services provider’s stock worth $7,949,000 after buying an additional 156 shares during the period. Patron Partners LLC boosted its holdings in Booking by 28.4% in the 4th quarter. Patron Partners LLC now owns 113 shares of the business services provider’s stock worth $562,000 after buying an additional 25 shares during the period. Finally, Trust Point Inc. boosted its holdings in Booking by 1.1% in the 4th quarter. Trust Point Inc. now owns 461 shares of the business services provider’s stock worth $2,290,000 after buying an additional 5 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of Booking stock opened at $4,678.94 on Wednesday. The firm has a fifty day moving average price of $4,983.86 and a 200 day moving average price of $4,442.11. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market cap of $154.87 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several research analysts have commented on BKNG shares. JMP Securities reissued a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.