Cibc World Market Inc. Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Cibc World Market Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,647 shares of the business services provider's stock after selling 1,686 shares during the period. Cibc World Market Inc.'s holdings in Booking were worth $18,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mediolanum International Funds Ltd lifted its stake in Booking by 58.1% in the 4th quarter. Mediolanum International Funds Ltd now owns 4,244 shares of the business services provider's stock worth $21,129,000 after purchasing an additional 1,559 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of Booking by 6.0% in the fourth quarter. OLD National Bancorp IN now owns 160 shares of the business services provider's stock worth $795,000 after purchasing an additional 9 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Booking in the fourth quarter worth about $215,000. Gries Financial LLC boosted its stake in Booking by 2.5% during the fourth quarter. Gries Financial LLC now owns 123 shares of the business services provider's stock valued at $611,000 after buying an additional 3 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its holdings in Booking by 31.2% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,382 shares of the business services provider's stock valued at $6,866,000 after buying an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.4 %

Shares of BKNG traded down $17.96 during trading hours on Tuesday, reaching $4,674.94. 126,990 shares of the company traded hands, compared to its average volume of 252,852. The business has a fifty day moving average price of $4,983.86 and a 200-day moving average price of $4,442.11. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $154.74 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.62 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a report on Friday, November 1st. UBS Group increased their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Ten equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5,044.43.

About Booking

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.