Glassy Mountain Advisors Inc. Cuts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Glassy Mountain Advisors Inc. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,882 shares of the business services provider’s stock after selling 31 shares during the quarter. Booking makes up approximately 3.2% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Glassy Mountain Advisors Inc.’s holdings in Booking were worth $9,351,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. increased its holdings in Booking by 1.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,481 shares of the business services provider’s stock valued at $7,359,000 after buying an additional 26 shares during the period. Silver Oak Securities Incorporated increased its holdings in Booking by 20.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 202 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 34 shares during the period. Legacy CG LLC purchased a new position in Booking during the fourth quarter valued at approximately $3,508,000. YANKCOM Partnership purchased a new position in Booking during the fourth quarter valued at approximately $1,023,000. Finally, Choreo LLC increased its holdings in Booking by 17.0% during the fourth quarter. Choreo LLC now owns 1,497 shares of the business services provider’s stock valued at $7,474,000 after buying an additional 217 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG opened at $4,779.71 on Friday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company has a fifty day moving average of $4,962.67 and a two-hundred day moving average of $4,448.89. The stock has a market capitalization of $158.21 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.62 and a beta of 1.39.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays raised 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. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Ten equities research 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 stock. According to MarketBeat.com, the stock presently 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.