Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Boosted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,968 shares of the business services provider’s stock after purchasing an additional 62 shares during the quarter. Booking comprises 1.5% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 12th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Booking were worth $54,494,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Private Advisor Group LLC boosted its position in shares of Booking by 2.5% in the third quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after buying an additional 60 shares during the period. McAdam LLC acquired a new stake in shares of Booking in the third quarter worth $202,000. Great Lakes Retirement Inc. raised its holdings in shares of Booking by 5.4% during the third quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock worth $1,304,000 after acquiring an additional 16 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Booking by 24.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after acquiring an additional 23 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Booking by 6.5% during the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock worth $1,530,000 after acquiring an additional 22 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 0.6 %

NASDAQ BKNG opened at $4,989.22 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The stock’s 50 day moving average is $4,903.34 and its two-hundred day moving average is $4,551.96. The company has a market capitalization of $165.14 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.39.

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

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday. Mizuho raised their target price on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, UBS Group raised their target price on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

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.