CIBC Asset Management Inc Purchases 231 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

CIBC Asset Management Inc increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,671 shares of the business services provider’s stock after buying an additional 231 shares during the quarter. CIBC Asset Management Inc’s holdings in Booking were worth $53,018,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking in the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Roxbury Financial LLC bought a new position in Booking in the 4th quarter worth approximately $42,000. Finally, Addison Advisors LLC boosted its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada increased their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Nine equities 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. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Performance

Shares of Booking stock opened at $5,044.40 on Monday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market capitalization of $166.97 billion, a PE ratio of 34.23, a P/E/G ratio of 1.65 and a beta of 1.39. The company has a 50-day simple moving average of $4,919.75 and a two-hundred day simple moving average of $4,510.94.

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.