Booking Holdings Inc. (NASDAQ:BKNG) is Suncoast Equity Management’s 4th Largest Position

Suncoast Equity Management cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,762 shares of the business services provider’s stock after selling 156 shares during the period. Booking comprises approximately 6.0% of Suncoast Equity Management’s portfolio, making the stock its 4th biggest holding. Suncoast Equity Management’s holdings in Booking were worth $53,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC raised its position in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after acquiring an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares during the period. Finally, 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 valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,018.23 on Friday. The company has a market cap of $166.10 billion, a PE ratio of 34.05, a P/E/G ratio of 1.77 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm’s 50 day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, analysts forecast that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. DA Davidson boosted their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Piper Sandler lifted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, UBS Group upped their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus 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.