Booking Holdings Inc. (NASDAQ:BKNG) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 963 shares of the business services provider’s stock after purchasing an additional 31 shares during the quarter. Van ECK Associates Corp’s holdings in Booking were worth $4,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Garner Asset Management Corp boosted its holdings in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC boosted its holdings in Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the period. First Bank & Trust boosted its holdings in Booking by 2.4% during the 3rd quarter. First Bank & Trust now owns 130 shares of the business services provider’s stock valued at $548,000 after acquiring an additional 3 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Booking by 1.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock valued at $714,000 after acquiring an additional 3 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Booking by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock valued at $3,517,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on BKNG. The Goldman Sachs Group raised their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Citigroup raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays lifted their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. DA Davidson lifted their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Trading Up 1.9 %

NASDAQ:BKNG opened at $5,141.88 on Wednesday. The firm has a market cap of $170.18 billion, a P/E ratio of 34.89, a PEG ratio of 1.65 and a beta of 1.39. The stock’s 50 day simple moving average is $4,917.64 and its 200-day simple moving average is $4,520.66. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

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.