Ibex Wealth Advisors Sells 129,752 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ibex Wealth Advisors decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 99.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,020 shares of the business services provider’s stock after selling 129,752 shares during the quarter. Ibex Wealth Advisors’ holdings in Booking were worth $5,068,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter worth approximately $25,000. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the 3rd quarter valued at $25,000. West Financial Advisors LLC bought a new stake in shares of Booking in the third quarter worth $29,000. 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. lifted its holdings in 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. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.3 %

BKNG traded up $12.39 during trading hours on Wednesday, hitting $4,697.07. 14,284 shares of the company’s stock were exchanged, compared to its average volume of 251,843. The firm has a market cap of $155.47 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm has a 50 day moving average of $5,015.36 and a 200 day moving average of $4,422.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BKNG shares. JMP Securities restated a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Piper Sandler lifted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Bank of America lifted their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.