Flossbach Von Storch SE Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Flossbach Von Storch SE reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 59.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,302 shares of the business services provider’s stock after selling 39,944 shares during the period. Flossbach Von Storch SE owned about 0.08% of Booking worth $135,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Bank & Trust raised its stake in shares of Booking by 6.9% in the 4th quarter. First Bank & Trust now owns 139 shares of the business services provider’s stock valued at $691,000 after purchasing an additional 9 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Booking by 42.8% in the 4th quarter. Ieq Capital LLC now owns 5,233 shares of the business services provider’s stock worth $26,002,000 after acquiring an additional 1,568 shares during the period. Parthenon LLC lifted its stake in shares of Booking by 1.4% in the 4th quarter. Parthenon LLC now owns 3,558 shares of the business services provider’s stock worth $17,678,000 after acquiring an additional 49 shares during the period. Bryn Mawr Capital Management LLC lifted its stake in shares of Booking by 3,940.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after acquiring an additional 37,477 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in shares of Booking by 160.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock worth $6,459,000 after acquiring an additional 800 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 0.6 %

NASDAQ:BKNG opened at $5,110.60 on Thursday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a fifty day simple moving average of $4,913.12 and a 200 day simple moving average of $4,537.47. The stock has a market capitalization of $169.16 billion, a PE ratio of 34.68, a P/E/G ratio of 1.78 and a beta of 1.39.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent research reports. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Benchmark reissued a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays increased their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.