GEM Asset Management LLC Makes New Investment in Booking Holdings Inc. (NASDAQ:BKNG)

GEM Asset Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42 shares of the business services provider’s stock, valued at approximately $209,000.

Several other large investors have also modified their holdings of the stock. Procyon Advisors LLC grew its holdings in shares of Booking by 1.1% during the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after purchasing an additional 3 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Booking by 128.6% in the 3rd quarter. Grove Bank & Trust now owns 16 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 9 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its position in Booking by 17.3% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 61 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 9 shares during the last quarter. Cabot Wealth Management Inc. boosted its stake in Booking by 1.5% during the 3rd quarter. Cabot Wealth Management Inc. now owns 620 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 9 shares during the period. Finally, Regatta Capital Group LLC grew its position in Booking by 2.0% during the 3rd quarter. Regatta Capital Group LLC now owns 885 shares of the business services provider’s stock worth $3,727,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BKNG shares. Tigress Financial upped their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial increased their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald lowered their price objective on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Ten 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Price Performance

BKNG opened at $4,897.32 on Wednesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business has a 50-day moving average of $4,941.29 and a two-hundred day moving average of $4,475.19. The stock has a market capitalization of $162.10 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39.

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.