1,478 Shares in Booking Holdings Inc. (NASDAQ:BKNG) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,478 shares of the business services provider’s stock, valued at approximately $7,343,000. Booking comprises 0.5% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other hedge funds have also made changes to their positions in the company. Garner Asset Management Corp lifted its holdings in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the last quarter. Optimist Retirement Group LLC raised its position in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the period. Silver Oak Securities Incorporated lifted its stake in shares of Booking by 1.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock valued at $714,000 after purchasing an additional 3 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Booking by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock worth $3,517,000 after purchasing an additional 3 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Booking by 1.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock worth $1,258,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,989.22 on Monday. The business has a 50-day moving average of $4,903.34 and a two-hundred day moving average of $4,568.73. The company has a market capitalization of $165.13 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its 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. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. As a group, equities research analysts expect that Booking Holdings Inc. will post 207.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research report on Friday. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. UBS Group lifted their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Wedbush raised their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

About Booking

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.