Cumberland Partners Ltd Lowers Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Cumberland Partners Ltd lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375 shares of the business services provider's stock after selling 125 shares during the period. Cumberland Partners Ltd's holdings in Booking were worth $1,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Stratos Wealth Advisors LLC purchased a new position in shares of Booking during the third quarter worth approximately $203,000. Ledyard National Bank purchased a new position in Booking during the 3rd quarter worth $265,000. Foundations Investment Advisors LLC raised its position in Booking by 7.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider's stock valued at $1,837,000 after purchasing an additional 32 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Booking by 1.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider's stock valued at $3,169,000 after purchasing an additional 8 shares in the last quarter. Finally, Eastern Bank lifted its holdings in shares of Booking by 82.4% in the 3rd quarter. Eastern Bank now owns 124 shares of the business services provider's stock worth $522,000 after buying an additional 56 shares during the period. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. Argus lowered Booking from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday. DA Davidson upped their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Wells Fargo & Company raised their price objective on Booking from $4,470.00 to $5,248.00 and gave the company an "equal weight" rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.

Booking Stock Down 0.2 %

Shares of NASDAQ:BKNG traded down $12.08 during midday trading on Friday, reaching $5,006.15. The company's stock had a trading volume of 570,128 shares, compared to its average volume of 267,101. The stock has a fifty day moving average of $4,908.11 and a 200 day moving average of $4,540.81. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $165.70 billion, a PE ratio of 33.98, a P/E/G ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Sell-side analysts anticipate that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

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.