Bank of Montreal Can increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,592 shares of the business services provider’s stock after purchasing an additional 16,337 shares during the quarter. Bank of Montreal Can owned 0.20% of Booking worth $159,481,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Moody National Bank Trust Division bought a new position in shares of Booking in the fourth quarter worth approximately $53,000. CKW Financial Group purchased a new position in shares of Booking during the fourth quarter valued at approximately $78,000. Ayalon Holdings Ltd. purchased a new position in shares of Booking during the fourth quarter valued at approximately $84,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Booking during the third quarter valued at approximately $109,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Booking during the third quarter valued at approximately $153,000. Institutional investors own 91.97% of the company’s stock.
BKNG stock opened at $1,919.97 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99. Booking Holdings Inc. has a 52 week low of $1,606.27 and a 52 week high of $2,228.99. The company has a market capitalization of $87.81 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.36 and a beta of 1.14.
A number of brokerages have commented on BKNG. Cowen set a $2,200.00 target price on shares of Booking and gave the company a “buy” rating in a report on Monday, October 22nd. Royal Bank of Canada increased their price objective on shares of Booking to $2,425.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 6th. Barclays reissued an “overweight” rating and issued a $2,360.00 price objective (up from $2,300.00) on shares of Booking in a research note on Tuesday, November 6th. Bank of America upped their target price on shares of Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,240.00 price target (up previously from $2,100.00) on shares of Booking in a research note on Tuesday, November 6th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Booking presently has an average rating of “Buy” and a consensus price target of $2,155.39.
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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.
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