Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Scharf Investments LLC

Scharf Investments LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,565 shares of the business services provider's stock after selling 1,119 shares during the period. Booking makes up about 3.0% of Scharf Investments LLC's investment portfolio, making the stock its 17th largest holding. Scharf Investments LLC owned about 0.06% of Booking worth $102,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the third quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the 4th quarter valued at about $25,000. West Financial Advisors LLC bought a new position in shares of Booking in the 3rd quarter worth approximately $29,000. Finally, Addison Advisors LLC boosted its holdings in shares of 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 buying an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on BKNG shares. Truist Financial lifted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a report on Thursday, November 7th. UBS Group lifted their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Morgan Stanley raised their price target on Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Royal Bank of Canada raised their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reduced their target price on shares of Booking from $4,657.00 to $4,470.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,044.43.

Booking Price Performance

NASDAQ BKNG traded up $59.26 during trading on Wednesday, reaching $4,738.20. 112,439 shares of the company's stock traded hands, compared to its average volume of 252,537. 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 cap of $156.83 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company's 50 day simple moving average is $4,973.14 and its two-hundred day simple moving average is $4,447.13.

Booking Company 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.