Crestwood Advisors Group LLC Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Crestwood Advisors Group LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,873 shares of the business services provider’s stock after selling 119 shares during the quarter. Booking accounts for 1.9% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 11th largest holding. Crestwood Advisors Group LLC owned 0.06% of Booking worth $98,736,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. raised its stake in shares of Booking by 600.0% during the 4th 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 in the last quarter. Roxbury Financial LLC purchased a new position in shares of Booking during the 4th quarter worth approximately $42,000. Finally, Addison Advisors LLC lifted its holdings in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several research analyst reports. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Benchmark boosted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Wedbush lifted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $4,989.22 on Monday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock’s 50-day moving average is $4,903.34 and its two-hundred day moving average is $4,568.73. The stock has a market cap of $165.13 billion, a PE ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts anticipate that Booking Holdings Inc. will post 207.62 earnings per share for the current year.

Booking Company 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.