Bryn Mawr Capital Management LLC Has $190.93 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Bryn Mawr Capital Management LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3,940.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,428 shares of the business services provider’s stock after acquiring an additional 37,477 shares during the quarter. Booking makes up 7.2% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its biggest position. Bryn Mawr Capital Management LLC owned 0.12% of Booking worth $190,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Alberta Investment Management Corp raised its holdings in shares of Booking by 160.0% during the fourth quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock valued at $6,459,000 after acquiring an additional 800 shares in the last quarter. Bigelow Investment Advisors LLC grew its stake in Booking by 6.1% in the fourth quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider’s stock worth $522,000 after purchasing an additional 6 shares during the period. Convergence Investment Partners LLC grew its stake in Booking by 51.1% in the fourth quarter. Convergence Investment Partners LLC now owns 263 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 89 shares during the period. Callahan Advisors LLC grew its stake in Booking by 1.2% in the fourth quarter. Callahan Advisors LLC now owns 4,065 shares of the business services provider’s stock worth $20,196,000 after purchasing an additional 47 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in Booking by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider’s stock worth $6,372,000 after purchasing an additional 62 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,141.88 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business’s 50-day moving average is $4,916.77 and its two-hundred day moving average is $4,533.44. The company has a market cap of $170.20 billion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 1.74 and a beta of 1.39.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent research reports. Piper Sandler upped their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Oppenheimer upped their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Wedbush increased their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

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.