Ferguson Wellman Capital Management Inc. Buys New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Ferguson Wellman Capital Management Inc. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42 shares of the business services provider’s stock, valued at approximately $209,000.

Other hedge funds also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the 3rd quarter valued at about $25,000. Valley National Advisers Inc. grew its stake in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson boosted their price target 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. Wells Fargo & Company dropped their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. BMO Capital Markets boosted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Price Performance

Shares of Booking stock opened at $4,913.48 on Tuesday. The business has a 50 day simple moving average of $4,947.51 and a two-hundred day simple moving average of $4,466.37. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market capitalization of $162.64 billion, a P/E ratio of 33.34, a PEG ratio of 1.65 and a beta of 1.39.

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.