Western Financial Corp CA Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Western Financial Corp CA lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73 shares of the business services provider’s stock after selling 35 shares during the quarter. Western Financial Corp CA’s holdings in Booking were worth $363,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKNG. Mogy Joel R Investment Counsel Inc. boosted its position in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Down 0.8 %

BKNG opened at $4,737.56 on Friday. The firm has a market capitalization of $156.81 billion, a PE ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm’s 50-day moving average price is $4,992.18 and its 200 day moving average price is $4,431.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BKNG shares. Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Susquehanna raised their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target 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. UBS Group upped their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.