Parthenon LLC Has $17.68 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Parthenon LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,558 shares of the business services provider’s stock after purchasing an additional 49 shares during the quarter. Booking accounts for approximately 2.1% of Parthenon LLC’s investment portfolio, making the stock its 15th biggest holding. Parthenon LLC’s holdings in Booking were worth $17,678,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC bought a new stake in shares of Booking during the 3rd quarter worth approximately $203,000. Ledyard National Bank acquired a new position in shares of Booking during the 3rd quarter worth about $265,000. Foundations Investment Advisors LLC raised its holdings in shares of Booking by 7.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider’s stock valued at $1,837,000 after purchasing an additional 32 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Booking by 1.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider’s stock valued at $3,169,000 after purchasing an additional 8 shares during the last quarter. Finally, Eastern Bank grew its holdings in Booking by 82.4% during the third quarter. Eastern Bank now owns 124 shares of the business services provider’s stock worth $522,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BKNG shares. Wells Fargo & Company reduced their target price on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. DA Davidson lifted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group increased their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley increased their target price on 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. Finally, Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Trading Down 0.6 %

BKNG stock opened at $5,110.60 on Thursday. The stock has a market capitalization of $169.16 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The firm has a 50-day moving average price of $4,913.12 and a 200-day moving average price of $4,537.47. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

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.