Transcend Capital Advisors LLC Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Transcend Capital Advisors LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76 shares of the business services provider’s stock after selling 6 shares during the period. Transcend Capital Advisors LLC’s holdings in Booking were worth $377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in Booking by 24.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after purchasing an additional 23 shares during the period. Silver Oak Securities Incorporated boosted its stake in shares of Booking by 1.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock valued at $714,000 after purchasing an additional 3 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Booking by 11.5% during the 3rd quarter. Allworth Financial LP now owns 223 shares of the business services provider’s stock valued at $939,000 after purchasing an additional 23 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Booking by 6.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,520 shares of the business services provider’s stock valued at $27,465,000 after purchasing an additional 369 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Booking by 9.6% during the 3rd quarter. Boston Trust Walden Corp now owns 10,549 shares of the business services provider’s stock valued at $44,434,000 after acquiring an additional 926 shares during the period. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKNG. DA Davidson lifted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group boosted 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. Morgan Stanley boosted 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 report on Monday, January 13th. Barclays upped their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Susquehanna upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Nine 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 company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,989.22 on Monday. The company’s fifty day moving average is $4,903.34 and its 200-day moving average is $4,568.73. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization 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 posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (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 company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, analysts forecast that Booking Holdings Inc. will post 207.62 EPS 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.