WASHINGTON TRUST Co Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

WASHINGTON TRUST Co lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,577 shares of the business services provider's stock after selling 116 shares during the quarter. Booking comprises 0.8% of WASHINGTON TRUST Co's investment portfolio, making the stock its 29th largest position. WASHINGTON TRUST Co's holdings in Booking were worth $22,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. boosted its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares in the last quarter. Addison Advisors LLC grew its position in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock worth $42,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ:BKNG traded down $31.28 during mid-day trading on Wednesday, hitting $5,110.60. 187,180 shares of the company's stock were exchanged, compared to its average volume of 257,431. The company has a market cap of $169.16 billion, a PE ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The business has a fifty day moving average price of $4,916.77 and a 200 day moving average price of $4,533.44.

Analysts Set New Price Targets

Several equities analysts recently commented on BKNG shares. Oppenheimer increased their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their target price on Booking from $4,657.00 to $4,470.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. 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 note on Tuesday, October 22nd. Finally, Baird R W raised Booking to a "strong-buy" rating in a research note on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.