Edge Financial Advisors LLC Makes New $212,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

Edge Financial Advisors LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 3rd quarter, Holdings Channel reports. The fund bought 50 shares of the business services provider’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Booking during the first quarter worth approximately $221,000. Miracle Mile Advisors LLC acquired a new stake in shares of Booking in the 1st quarter valued at about $210,000. Claro Advisors LLC raised its stake in Booking by 25.7% during the first quarter. Claro Advisors LLC now owns 88 shares of the business services provider’s stock valued at $319,000 after buying an additional 18 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Booking by 30.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 3 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Booking by 400.0% during the first quarter. Valley National Advisers Inc. now owns 30 shares of the business services provider’s stock worth $109,000 after purchasing an additional 24 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Wedbush increased their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial assumed coverage on Booking in a research note on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price on the stock. Evercore ISI dropped their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America boosted their target price on shares of Booking from $3,950.00 to $4,448.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,256.89.

Booking Price Performance

Shares of BKNG traded up $2.31 during trading hours on Wednesday, hitting $4,429.85. 21,035 shares of the company were exchanged, compared to its average volume of 243,435. The firm has a fifty day simple moving average of $4,085.91 and a 200-day simple moving average of $3,862.39. The company has a market capitalization of $148.49 billion, a PE ratio of 31.00, a PEG ratio of 1.44 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,756.13 and a one year high of $4,440.87.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. During the same quarter in the previous year, the company earned $37.62 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 177.29 EPS for the current year.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

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.