Lecap Asset Management Ltd. Has $720,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Lecap Asset Management Ltd. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145 shares of the business services provider’s stock after selling 87 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Booking were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth $25,000. Jamison Private Wealth Management Inc. bought a new stake in Booking in the third quarter valued at about $25,000. Valley National Advisers Inc. lifted its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the period. Finally, Addison Advisors LLC grew its position in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 2.3 %

Shares of NASDAQ BKNG opened at $4,887.47 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a market cap of $161.78 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The business’s 50 day moving average price is $4,953.80 and its two-hundred day moving average price is $4,451.19.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Bank of America increased their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Royal Bank of Canada lifted their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho boosted their target price 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. Ten 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 data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

About Booking

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.