Hudson Value Partners LLC Cuts Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Hudson Value Partners LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 286 shares of the business services provider’s stock after selling 47 shares during the quarter. Hudson Value Partners LLC’s holdings in Booking were worth $1,421,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. raised its holdings in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares in the last quarter. 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 worth $38,000 after buying an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its position in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 1.9 %

Shares of BKNG opened at $5,141.88 on Wednesday. The stock has a market cap of $170.20 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The stock’s 50-day moving average price is $4,916.77 and its two-hundred day moving average price is $4,533.44. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Jefferies Financial Group lifted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

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.