Kennebec Savings Bank Has $1.03 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Kennebec Savings Bank reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217 shares of the business services provider’s stock after selling 24 shares during the quarter. Booking makes up approximately 1.0% of Kennebec Savings Bank’s portfolio, making the stock its 28th largest position. Kennebec Savings Bank’s holdings in Booking were worth $1,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Algert Global LLC lifted its stake in Booking by 34.5% in the second quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock valued at $463,000 after acquiring an additional 30 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Booking by 3.6% in the second quarter. Cetera Investment Advisers now owns 7,502 shares of the business services provider’s stock worth $29,722,000 after purchasing an additional 261 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Booking in the second quarter worth $6,168,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Booking by 74.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,515 shares of the business services provider’s stock worth $105,039,000 after buying an additional 11,315 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Booking by 49.5% during the second quarter. Centaurus Financial Inc. now owns 145 shares of the business services provider’s stock valued at $575,000 after buying an additional 48 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ:BKNG opened at $4,774.33 on Friday. The business’s 50-day simple moving average is $5,009.47 and its 200-day simple moving average is $4,424.49. 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 $158.03 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BKNG shares. Oppenheimer boosted their target price 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. Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Mizuho lifted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Citigroup raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.