Birch Hill Investment Advisors LLC Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Birch Hill Investment Advisors LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Booking were worth $1,083,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the 4th quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the fourth quarter worth about $25,000. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter valued at about $25,000. Valley National Advisers Inc. increased its position in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the period. Finally, Addison Advisors LLC raised its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Up 2.3 %

Booking stock opened at $4,887.47 on Friday. The business’s 50 day simple moving average is $4,947.51 and its 200 day simple moving average is $4,457.98. 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 cap of $161.78 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.65 and a beta of 1.39.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company dropped their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Oppenheimer raised their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Wedbush increased their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Ten equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

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.