Empower Advisory Group LLC Acquires 385 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Empower Advisory Group LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,366 shares of the business services provider’s stock after acquiring an additional 385 shares during the quarter. Empower Advisory Group LLC’s holdings in Booking were worth $26,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Booking by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after buying an additional 11,211 shares in the last quarter. Janus Henderson Group PLC grew its position in Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Fisher Asset Management LLC raised its position in Booking by 3.3% during the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its holdings 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 purchasing an additional 233,052 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $5,044.40 on Tuesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market cap of $166.97 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.65 and a beta of 1.39. The stock’s 50 day simple moving average is $4,919.75 and its two-hundred day simple moving average is $4,510.94.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKNG. Benchmark reissued a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. UBS Group lifted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald cut their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.