Kornitzer Capital Management Inc. KS Has $25.16 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Kornitzer Capital Management Inc. KS cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,063 shares of the business services provider’s stock after selling 52 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Booking were worth $25,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the 4th quarter worth $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. increased its position in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Royal Bank of Canada upped their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, UBS Group raised their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Up 0.7 %

Shares of NASDAQ BKNG opened at $5,044.40 on Tuesday. The firm has a market cap of $166.97 billion, a PE ratio of 34.23, a P/E/G ratio of 1.65 and a beta of 1.39. The company’s fifty day simple moving average is $4,919.75 and its 200 day simple moving average is $4,510.94. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

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.