Cassaday & Co Wealth Management LLC Takes $234,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Cassaday & Co Wealth Management LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 47 shares of the business services provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Icon Wealth Advisors LLC raised its position 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 worth $981,929,000 after acquiring an additional 233,052 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Booking during the fourth quarter worth approximately $207,089,000. Bryn Mawr Capital Management LLC increased its holdings in Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after purchasing an additional 37,477 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in Booking in the third quarter valued at approximately $155,427,000. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Booking by 61.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock worth $253,762,000 after buying an additional 19,391 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.6 %

Shares of BKNG opened at $4,989.22 on Friday. The stock has a 50 day moving average of $4,903.34 and a 200 day moving average of $4,551.96. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market capitalization of $165.14 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. As a group, equities research analysts predict that Booking Holdings Inc. will post 181.63 earnings per share for the current year.

Wall Street Analyst Weigh In

BKNG has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday. UBS Group lifted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays upped their price target on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

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.