Oxbow Advisors LLC Sells 12 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Oxbow Advisors LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 967 shares of the business services provider’s stock after selling 12 shares during the quarter. Oxbow Advisors LLC’s holdings in Booking were worth $4,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Private Advisor Group LLC grew its holdings in Booking by 2.5% during the 3rd quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after acquiring an additional 60 shares during the last quarter. McAdam LLC bought a new stake in Booking during the 3rd quarter worth about $202,000. Great Lakes Retirement Inc. grew its holdings in Booking by 5.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock worth $1,304,000 after acquiring an additional 16 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Booking by 24.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after acquiring an additional 23 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Booking by 6.5% during the 3rd quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock worth $1,530,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $4,989.22 on Friday. The company has a market capitalization of $165.14 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The company’s 50 day moving average price is $4,903.34 and its two-hundred day moving average price is $4,551.96. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking (NASDAQ:BKNG) last announced 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 net margin of 24.78% and a negative return on equity of 159.60%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Analysts forecast that Booking Holdings Inc. will post 207.62 earnings per share for the current year.

Analyst Ratings Changes

BKNG has been the topic of several recent research reports. Bank of America raised their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Citigroup raised their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley raised 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 note on Monday, January 13th. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, B. Riley raised their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research note on Friday. Nine 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 stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking 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.