Smith Group Asset Management LLC Purchases 580 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Smith Group Asset Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,403 shares of the business services provider’s stock after buying an additional 580 shares during the quarter. Booking makes up about 3.1% of Smith Group Asset Management LLC’s portfolio, making the stock its 5th biggest position. Smith Group Asset Management LLC’s holdings in Booking were worth $41,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Icon Wealth Advisors LLC increased its position in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking during the 3rd quarter worth approximately $5,322,600,000. Empirical Asset Management LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $207,089,000. Harvard Management Co. Inc. acquired a new position in shares of Booking during the 3rd quarter worth approximately $155,427,000. Finally, Claro Advisors LLC increased its position in shares of Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $4,684.68 on Wednesday. The stock has a fifty day moving average price of $5,015.36 and a 200-day moving average price of $4,422.40. The company has a market cap of $155.06 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Analysts Set New Price Targets

Several research firms have weighed in on BKNG. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Wedbush boosted 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. Tigress Financial boosted their target price 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. Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer boosted their target price on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking 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.