Y Intercept Hong Kong Ltd Purchases Shares of 1,478 Booking Holdings Inc. (NASDAQ:BKNG)

Y Intercept Hong Kong Ltd purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,478 shares of the business services provider’s stock, valued at approximately $7,343,000. Booking comprises about 0.5% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 18th largest position.

A number of other large investors have also modified their holdings of the business. Howard Capital Management Inc. increased its position in shares of Booking by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 1,007 shares of the business services provider’s stock valued at $5,003,000 after acquiring an additional 50 shares during the period. Wealthspire Advisors LLC grew its stake in Booking by 49.5% during the 4th quarter. Wealthspire Advisors LLC now owns 166 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 55 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Booking in the fourth quarter valued at about $582,000. ST. Nicholas Private Asset Management Inc. acquired a new position in shares of Booking in the fourth quarter valued at about $2,757,000. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Booking by 1.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 2,818 shares of the business services provider’s stock worth $13,921,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $4,989.22 on Monday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market capitalization of $165.13 billion, a P/E ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.39. The stock’s fifty day moving average is $4,903.34 and its two-hundred day moving average is $4,568.73.

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

Analyst Ratings Changes

BKNG has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley increased their price objective on shares of 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. Benchmark raised their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.