Sanctuary Advisors LLC Has $7.62 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Sanctuary Advisors LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,596 shares of the business services provider’s stock after selling 141 shares during the period. Sanctuary Advisors LLC’s holdings in Booking were worth $7,621,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BKNG. Rational Advisors LLC grew its holdings in shares of Booking by 54.5% during the fourth quarter. Rational Advisors LLC now owns 1,700 shares of the business services provider’s stock worth $8,446,000 after purchasing an additional 600 shares during the last quarter. Capital Performance Advisors LLP lifted its position in Booking by 40.0% during the 4th quarter. Capital Performance Advisors LLP now owns 49 shares of the business services provider’s stock worth $246,000 after buying an additional 14 shares in the last quarter. Sierra Ocean LLC bought a new stake in Booking during the 4th quarter worth about $89,000. Mainsail Asset Management LLC acquired a new stake in Booking in the 4th quarter valued at about $224,000. Finally, Monument Capital Management raised its stake in shares of Booking by 1.4% in the fourth quarter. Monument Capital Management now owns 856 shares of the business services provider’s stock worth $4,255,000 after acquiring an additional 12 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG opened at $5,110.60 on Thursday. The stock has a 50 day simple moving average of $4,913.12 and a 200 day simple moving average of $4,537.47. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $169.16 billion, a PE ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 1.39.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho upped their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. 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 report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.