Global Retirement Partners LLC Sells 80 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Global Retirement Partners LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 955 shares of the business services provider's stock after selling 80 shares during the period. Global Retirement Partners LLC's holdings in Booking were worth $4,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bigelow Investment Advisors LLC boosted its stake in Booking by 6.1% in the 4th quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider's stock valued at $522,000 after purchasing an additional 6 shares during the period. Convergence Investment Partners LLC boosted its position in shares of Booking by 51.1% in the fourth quarter. Convergence Investment Partners LLC now owns 263 shares of the business services provider's stock valued at $1,307,000 after acquiring an additional 89 shares during the period. Callahan Advisors LLC grew its stake in shares of Booking by 1.2% in the fourth quarter. Callahan Advisors LLC now owns 4,065 shares of the business services provider's stock valued at $20,196,000 after acquiring an additional 47 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Booking by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider's stock worth $6,372,000 after acquiring an additional 62 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in shares of Booking by 7.7% in the 4th quarter. Empower Advisory Group LLC now owns 5,366 shares of the business services provider's stock valued at $26,659,000 after purchasing an additional 385 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BKNG shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday. Benchmark boosted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday. Wedbush upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Finally, Truist Financial lifted their price target on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Nine 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5,370.43.

Booking Stock Up 0.1 %

BKNG traded up $3.14 during trading on Friday, hitting $5,021.37. The company's stock had a trading volume of 541,578 shares, compared to its average volume of 266,352. The firm has a market capitalization of $166.21 billion, a P/E ratio of 34.01, a PEG ratio of 1.77 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock's fifty day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. Equities research analysts expect that Booking Holdings Inc. will post 181.63 EPS 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.