Prakash Investment Advisors LLC Takes $999,000 Position in Booking Holdings Inc. (NASDAQ:BKNG)

Prakash Investment Advisors LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the fourth quarter, Holdings Channel reports. The firm bought 201 shares of the business services provider’s stock, valued at approximately $999,000. Booking makes up about 1.0% of Prakash Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the 4th quarter valued at $25,000. Valley National Advisers Inc. grew its stake in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the last quarter. Addison Advisors LLC grew 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 valued at $38,000 after buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on BKNG shares. Mizuho raised their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Tigress Financial raised their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. B. Riley raised their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Down 1.8 %

Shares of BKNG stock opened at $5,018.23 on Friday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market capitalization of $166.10 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.77 and a beta of 1.39. The firm has a 50-day moving average price of $4,908.11 and a 200 day moving average price of $4,540.81.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. As a group, research analysts expect that Booking Holdings Inc. will post 181.63 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.