GAM Holding AG reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,344 shares of the business services provider's stock after selling 324 shares during the period. GAM Holding AG's holdings in Booking were worth $11,646,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake in shares of Booking by 600.0% in the 4th 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 during the period. Addison Advisors LLC lifted its position 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. raised its stake in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $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 Price Performance
BKNG stock traded up $144.17 during trading on Friday, reaching $5,162.40. 319,971 shares of the stock traded hands, compared to its average volume of 259,798. The firm has a market capitalization of $170.88 billion, a PE ratio of 34.88, a P/E/G ratio of 1.77 and a beta of 1.39. The business's 50 day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, equities research analysts predict that Booking Holdings Inc. will post 181.63 earnings per share for the current year.
Analyst Upgrades and Downgrades
BKNG has been the subject of several recent analyst reports. Cantor Fitzgerald decreased their target price on Booking from $5,100.00 to $4,900.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an "overweight" rating in a research report on Friday. Argus downgraded shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Baird R W upgraded Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,272.39.
View 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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