Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by WP Advisors LLC

WP Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 636 shares of the business services provider’s stock after selling 4 shares during the quarter. Booking comprises 1.1% of WP Advisors LLC’s portfolio, making the stock its 23rd largest position. WP Advisors LLC’s holdings in Booking were worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. increased its position in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the period. Addison Advisors LLC increased its position in 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 acquiring an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its position in Booking by 66.7% in the 3rd 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. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler raised their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Mizuho raised their target price 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 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Down 1.8 %

Shares of Booking stock opened at $5,018.23 on Friday. The stock has a market cap of $166.10 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The business has a fifty day simple moving average of $4,908.11 and a 200-day simple moving average of $4,540.81. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its 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 166.06% and a net margin of 21.85%. Analysts expect that Booking Holdings Inc. will post 181.63 EPS for the current fiscal 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.