Trust Point Inc. Has $2.29 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Trust Point Inc. raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461 shares of the business services provider’s stock after purchasing an additional 5 shares during the period. Trust Point Inc.’s holdings in Booking were worth $2,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter worth $25,000. West Financial Advisors LLC acquired a new stake in shares of Booking in the third quarter worth $29,000. Finally, Valley National Advisers Inc. grew its stake 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 acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.9 %

Booking stock opened at $4,692.90 on Tuesday. The firm has a market capitalization of $155.33 billion, a P/E ratio of 31.84, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The business has a 50-day moving average of $4,992.18 and a 200-day moving average of $4,436.74.

Analysts Set New Price Targets

Several research analysts recently commented on BKNG shares. Royal Bank of Canada raised their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird started coverage on Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Oppenheimer raised their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking has a consensus 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.