Arlington Partners LLC Sells 138 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Arlington Partners LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 865 shares of the business services provider’s stock after selling 138 shares during the period. Booking makes up 1.7% of Arlington Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. Arlington Partners LLC’s holdings in Booking were worth $4,298,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new stake in Booking during the third quarter valued at about $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the fourth quarter valued at about $25,000. Valley National Advisers Inc. boosted its holdings in Booking by 600.0% during the fourth 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. Finally, Addison Advisors LLC boosted its holdings in Booking by 80.0% during the third 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. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

BKNG stock opened at $4,887.47 on Monday. The company has a 50 day moving average price of $4,947.51 and a 200 day moving average price of $4,461.75. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market capitalization of $161.78 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BKNG shares. Tigress Financial upped their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Bank of America increased 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. Deutsche Bank Aktiengesellschaft increased their target price 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. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Finally, Robert W. Baird assumed coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Ten research 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. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.