Ieq Capital LLC Grows Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Ieq Capital LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,233 shares of the business services provider’s stock after buying an additional 1,568 shares during the period. Ieq Capital LLC’s holdings in Booking were worth $26,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during 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. Addison Advisors LLC raised its stake in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its holdings in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 0.6 %

NASDAQ:BKNG opened at $5,110.60 on Thursday. 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 $169.16 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The company has a 50 day simple moving average of $4,913.12 and a two-hundred day simple moving average of $4,537.47.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. B. Riley upped their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target on the stock. Morgan Stanley upped their price target on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on 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. Finally, Cfra raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus 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.