Empowered Funds LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 48.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,038 shares of the business services provider's stock after selling 1,933 shares during the period. Empowered Funds LLC's holdings in Booking were worth $10,126,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in BKNG. Moloney Securities Asset Management LLC increased its stake in shares of Booking by 110.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 309 shares of the business services provider's stock valued at $1,535,000 after acquiring an additional 162 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Booking by 10.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,706 shares of the business services provider's stock worth $8,476,000 after purchasing an additional 156 shares during the period. D Orazio & Associates Inc. increased its stake in Booking by 5.2% in the fourth quarter. D Orazio & Associates Inc. now owns 101 shares of the business services provider's stock valued at $502,000 after purchasing an additional 5 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Booking by 16.3% during the fourth quarter. Vest Financial LLC now owns 286 shares of the business services provider's stock valued at $1,421,000 after purchasing an additional 40 shares during the period. Finally, Northstar Group Inc. boosted its position in shares of Booking by 0.3% during the 4th quarter. Northstar Group Inc. now owns 1,171 shares of the business services provider's stock worth $5,818,000 after purchasing an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BKNG. Wedbush boosted their target price on Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Baird R W raised shares of Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. UBS Group boosted their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,044.43.
Check Out Our Latest Report on Booking
Booking Stock Performance
NASDAQ BKNG traded up $26.01 on Monday, hitting $4,913.48. 191,773 shares of the stock traded hands, compared to its average volume of 268,041. The business's fifty day moving average is $4,947.51 and its two-hundred day moving average is $4,466.37. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market capitalization of $162.64 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.65 and a beta of 1.39.
Booking Company Profile
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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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