Blue Trust Inc. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 65.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87 shares of the business services provider's stock after selling 168 shares during the quarter. Blue Trust Inc.'s holdings in Booking were worth $432,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares in the last quarter. Addison Advisors LLC lifted its holdings in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Stock Performance
NASDAQ BKNG traded up $224.18 during trading on Friday, reaching $5,242.41. 206,533 shares of the company's stock were exchanged, compared to its average volume of 256,177. The stock has a market cap of $173.52 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The company has a 50 day moving average price of $4,908.11 and a two-hundred day moving average price of $4,540.81. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.
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 (EPS) for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion during 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%. Research analysts forecast that Booking Holdings Inc. will post 181.63 EPS for the current fiscal year.
Analyst Ratings Changes
BKNG has been the topic of a number of recent research reports. Mizuho boosted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an "equal weight" rating in a report on Friday. BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. B. Riley boosted their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,197.57.
Read Our Latest Stock Report on Booking
Booking Profile
(
Free Report)
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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