Scharf Investments LLC Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Scharf Investments LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% in the 4th quarter, HoldingsChannel reports. The fund owned 20,565 shares of the business services provider’s stock after selling 1,119 shares during the quarter. Booking makes up approximately 3.0% of Scharf Investments LLC’s holdings, making the stock its 17th biggest holding. Scharf Investments LLC’s holdings in Booking were worth $102,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Caprock Group LLC lifted its holdings in shares of Booking by 7.0% in the 4th quarter. Caprock Group LLC now owns 1,759 shares of the business services provider’s stock worth $8,742,000 after acquiring an additional 115 shares during the last quarter. Saxony Capital Management LLC acquired a new stake in shares of Booking in the fourth quarter valued at $214,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the 4th quarter worth about $25,000. Narus Financial Partners LLC purchased a new position in Booking during the 4th quarter valued at about $248,000. Finally, Quantum Financial Planning Services Inc. acquired a new position in Booking in the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler lifted their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald lowered their price objective on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research report on Wednesday. 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 company’s stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,737.56 on Friday. The business’s fifty day moving average price is $5,000.97 and its two-hundred day moving average price is $4,426.92. The stock has a market cap of $156.81 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

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.