China Universal Asset Management Co. Ltd. Buys 371 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

China Universal Asset Management Co. Ltd. grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,589 shares of the business services provider’s stock after purchasing an additional 371 shares during the period. Booking comprises about 0.7% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 28th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Booking were worth $7,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Chicago Partners Investment Group LLC increased its position in shares of Booking by 24.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 91 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 18 shares during the period. Waldron Private Wealth LLC boosted its stake in Booking by 103.5% during the fourth quarter. Waldron Private Wealth LLC now owns 816 shares of the business services provider’s stock worth $4,054,000 after buying an additional 415 shares in the last quarter. Caprock Group LLC increased its holdings in Booking by 7.0% in the 4th quarter. Caprock Group LLC now owns 1,759 shares of the business services provider’s stock valued at $8,742,000 after buying an additional 115 shares during the period. Saxony Capital Management LLC acquired a new position in shares of Booking in the 4th quarter valued at $214,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of Booking during the 4th quarter worth about $25,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BKNG shares. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. BMO Capital Markets raised their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective 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. Finally, Cantor Fitzgerald reduced their target price on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Trading Down 0.8 %

Booking stock opened at $4,737.56 on Friday. The firm has a market capitalization of $156.81 billion, a P/E ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41. The business has a 50-day moving average of $4,992.18 and a 200-day moving average of $4,431.43. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

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.