Booking Holdings Inc. (NASDAQ:BKNG) Position Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,596 shares of the business services provider's stock after selling 141 shares during the period. Sanctuary Advisors LLC's holdings in Booking were worth $7,621,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. grew its holdings in 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 acquiring an additional 6 shares during the period. Addison Advisors LLC raised its position in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock worth $38,000 after acquiring an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of 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 purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. Piper Sandler restated a "neutral" rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Booking from $5,575.00 to $5,750.00 and gave the stock an "overweight" rating in a research report on Friday. B. Riley increased their target price on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday. Cantor Fitzgerald raised their price target on Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Oppenheimer upped their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.

Booking Trading Down 0.5 %

BKNG stock traded down $23.10 during mid-day trading on Friday, hitting $4,995.13. 502,723 shares of the company were exchanged, compared to its average volume of 265,505. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a fifty day simple moving average of $4,908.11 and a 200 day simple moving average of $4,540.81. The company has a market capitalization of $165.34 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping 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 negative return on equity of 166.06% and a net margin of 21.85%. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 181.63 earnings per share for the current 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.