Bey Douglas LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Bey Douglas LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,389 shares of the business services provider’s stock after selling 10 shares during the period. Booking accounts for approximately 5.9% of Bey Douglas LLC’s holdings, making the stock its 5th largest position. Bey Douglas LLC’s holdings in Booking were worth $6,902,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the 3rd quarter valued at approximately $25,000. SeaCrest Wealth Management LLC bought a new position in shares of Booking in the third quarter valued at approximately $202,000. Good Life Advisors LLC raised its position in shares of Booking by 9.0% in the third quarter. Good Life Advisors LLC now owns 85 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 7 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Booking by 2.9% in the third quarter. Global Retirement Partners LLC now owns 1,035 shares of the business services provider’s stock worth $4,360,000 after buying an additional 29 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Booking by 0.8% during the 3rd quarter. Harbour Capital Advisors LLC now owns 1,024 shares of the business services provider’s stock worth $4,395,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wedbush upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Oppenheimer raised their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Down 0.2 %

BKNG stock opened at $5,008.70 on Friday. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a market cap of $165.79 billion, a P/E ratio of 33.99, a PEG ratio of 1.65 and a beta of 1.39. The business has a fifty day moving average of $4,930.45 and a 200-day moving average of $4,487.36.

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.