Rhumbline Advisers Reduces Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Rhumbline Advisers reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,046 shares of the business services provider’s stock after selling 1,491 shares during the quarter. Rhumbline Advisers owned about 0.21% of Booking worth $352,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth $25,000. Valley National Advisers Inc. boosted its stake in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the period. Addison Advisors LLC increased its position in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BKNG shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup upped their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Stock Up 0.7 %

Shares of Booking stock opened at $5,044.40 on Friday. The company has a market cap of $166.97 billion, a P/E ratio of 34.23, a PEG ratio of 1.65 and a beta of 1.39. The firm’s 50 day moving average price is $4,924.86 and its 200-day moving average price is $4,490.98. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

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.