Lafayette Investments Inc. Has $1.43 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Lafayette Investments Inc. boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 38.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 696 shares of the business services provider’s stock after acquiring an additional 195 shares during the quarter. Lafayette Investments Inc.’s holdings in Booking were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Cim LLC increased its position in Booking by 1.3% during the 3rd quarter. Cim LLC now owns 5,315 shares of the business services provider’s stock worth $10,431,000 after purchasing an additional 69 shares in the last quarter. Wambolt & Associates LLC increased its position in Booking by 1.3% during the 3rd quarter. Wambolt & Associates LLC now owns 390 shares of the business services provider’s stock worth $765,000 after purchasing an additional 5 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Booking during the 3rd quarter worth approximately $338,000. Smithbridge Asset Management Inc. DE increased its position in Booking by 54.1% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 205 shares of the business services provider’s stock worth $402,000 after purchasing an additional 72 shares in the last quarter. Finally, NuWave Investment Management LLC increased its position in Booking by 151.4% during the 3rd quarter. NuWave Investment Management LLC now owns 744 shares of the business services provider’s stock worth $1,460,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.

A number of research firms recently issued reports on BKNG. Bank of America cut shares of Booking from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st. Raymond James cut shares of Booking from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Booking from $2,045.00 to $2,050.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Deutsche Bank increased their price objective on shares of Booking from $2,250.00 to $2,350.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, SunTrust Banks reiterated a “buy” rating and set a $2,350.00 price objective (up from $2,240.00) on shares of Booking in a research report on Friday, January 10th. Seventeen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $2,127.63.

NASDAQ BKNG traded up $16.09 on Tuesday, hitting $1,902.73. 34,889 shares of the company were exchanged, compared to its average volume of 480,864. The company has a market cap of $79.93 billion, a PE ratio of 19.28, a PEG ratio of 1.30 and a beta of 1.07. Booking Holdings Inc. has a 12 month low of $1,640.54 and a 12 month high of $2,094.00. The stock has a fifty day moving average of $2,003.09 and a 200-day moving average of $1,965.01. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.51.

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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