ST. Nicholas Private Asset Management Inc. Invests $2.76 Million in Booking Holdings Inc. (NASDAQ:BKNG)

ST. Nicholas Private Asset Management Inc. bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 555 shares of the business services provider’s stock, valued at approximately $2,757,000. Booking accounts for approximately 2.5% of ST. Nicholas Private Asset Management Inc.’s holdings, making the stock its 13th biggest position.

Several other large investors have also made changes to their positions in BKNG. Icon Wealth Advisors LLC raised its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $207,089,000. Bryn Mawr Capital Management LLC raised its stake in shares of Booking by 3,940.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after buying an additional 37,477 shares during the period. Harvard Management Co. Inc. acquired a new position in shares of Booking during the 3rd quarter worth approximately $155,427,000. Finally, AustralianSuper Pty Ltd raised its stake in shares of Booking by 61.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock worth $253,762,000 after buying an additional 19,391 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on BKNG. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Susquehanna increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, 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 objective for the company. Nine investment 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 stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Price Performance

Shares of Booking stock opened at $4,989.22 on Friday. The business has a 50-day moving average of $4,903.34 and a 200 day moving average of $4,559.90. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market capitalization of $165.13 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Equities research analysts anticipate that Booking Holdings Inc. will post 207.62 earnings per share for the current year.

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.