Financial Advocates Investment Management Sells 7 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Financial Advocates Investment Management lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55 shares of the business services provider’s stock after selling 7 shares during the period. Financial Advocates Investment Management’s holdings in Booking were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mogy Joel R Investment Counsel Inc. increased its holdings in Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after acquiring an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BKNG. JMP Securities restated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Piper Sandler increased their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Barclays increased their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Price Performance

Shares of BKNG opened at $4,887.47 on Monday. The firm has a market capitalization of $161.76 billion, a P/E ratio of 33.16, a PEG ratio of 1.65 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 of $4,947.51 and a 200 day moving average of $4,461.75.

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.