Patron Partners LLC Increases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Patron Partners LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 28.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 113 shares of the business services provider’s stock after purchasing an additional 25 shares during the period. Patron Partners LLC’s holdings in Booking were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC boosted its stake in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Booking in the 3rd quarter worth approximately $5,322,600,000. Empirical Asset Management LLC purchased a new position in Booking in the fourth quarter worth about $207,089,000. Harvard Management Co. Inc. bought a new position in Booking during the 3rd quarter valued at about $155,427,000. Finally, Claro Advisors LLC lifted its holdings in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent analyst reports. DA Davidson upped 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. BMO Capital Markets raised their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. 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 report on Thursday, January 16th. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Down 0.9 %

BKNG stock opened at $4,692.90 on Tuesday. The business has a 50 day moving average price of $4,992.18 and a 200 day moving average price of $4,436.74. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market cap of $155.33 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.62 and a beta of 1.39.

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.