Private Advisor Group LLC Sells 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Private Advisor Group LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,425 shares of the business services provider’s stock after selling 10 shares during the quarter. Private Advisor Group LLC’s holdings in Booking were worth $12,046,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at about $25,000. Valley National Advisers Inc. raised its stake in shares of 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 acquiring an additional 6 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew 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 valued at $42,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BKNG shares. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. DA Davidson boosted their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price target on 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. UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reduced their target price on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Performance

Shares of BKNG stock opened at $5,018.23 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company’s 50 day moving average price is $4,908.11 and its two-hundred day moving average price is $4,540.81. The company has a market capitalization of $166.10 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. Analysts forecast that Booking Holdings Inc. will post 181.71 earnings per share for the current year.

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.