Booking Holdings Inc. (NASDAQ:BKNG) Holdings Decreased by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the business services provider’s stock after selling 125 shares during the quarter. Cumberland Partners Ltd’s holdings in Booking were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at $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 valued at $36,000 after buying an additional 6 shares in the last quarter. Addison Advisors LLC grew its holdings in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. raised its position in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after acquiring an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 0.6 %

Shares of BKNG opened at $5,110.60 on Thursday. The firm has a market cap of $169.16 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The company’s fifty day moving average is $4,913.12 and its 200-day moving average is $4,537.47. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Piper Sandler upped their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Susquehanna raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Finally, Mizuho increased their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

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.