Mirae Asset Global Investments Co. Ltd. Has $54.99 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,939 shares of the business services provider’s stock after buying an additional 904 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Booking were worth $54,990,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Garner Asset Management Corp lifted its holdings in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC increased its stake in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 3 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 3 shares in the last quarter. Finally, Procyon Advisors LLC increased its stake in Booking by 1.1% in the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock valued at $1,121,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ BKNG opened at $4,678.94 on Wednesday. The firm has a 50-day moving average of $4,983.86 and a 200-day moving average of $4,442.11. The stock has a market cap of $154.87 billion, a PE ratio of 31.75, a P/E/G ratio of 1.62 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wedbush increased their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Benchmark reissued a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

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.