Booking Holdings Inc. (NASDAQ:BKNG) Position Lessened by Cortland Associates Inc. MO

Cortland Associates Inc. MO cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,714 shares of the business services provider’s stock after selling 296 shares during the quarter. Booking comprises 8.3% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 2nd biggest holding. Cortland Associates Inc. MO’s holdings in Booking were worth $73,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Garner Asset Management Corp boosted its holdings in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares in the last quarter. Quent Capital LLC boosted its holdings in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after acquiring an additional 3 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Up 0.8 %

Shares of BKNG opened at $4,721.86 on Thursday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock’s 50 day moving average is $5,015.36 and its two-hundred day moving average is $4,422.40. The firm has a market capitalization of $156.29 billion, a PE ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.41.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKNG shares. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Susquehanna increased their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Morgan Stanley increased their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Tigress Financial increased their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Ten investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.