Pacer Advisors Inc. Boosts Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Pacer Advisors Inc. lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 31.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,421 shares of the business services provider’s stock after purchasing an additional 1,754 shares during the period. Pacer Advisors Inc.’s holdings in Booking were worth $36,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the 3rd quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the 4th quarter worth $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter worth $29,000. Addison Advisors LLC increased its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. increased its stake in Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BKNG shares. BMO Capital Markets increased their price target 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. Piper Sandler increased their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Jefferies Financial Group increased their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,675.36 on Tuesday. The company has a market cap of $154.75 billion, a P/E ratio of 31.73, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a 50-day simple moving average of $5,028.05 and a two-hundred day simple moving average of $4,412.56.

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.