Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341 shares of the business services provider’s stock after selling 10 shares during the quarter. Cigna Investments Inc. New’s holdings in Booking were worth $1,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mogy Joel R Investment Counsel Inc. raised its position in Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after buying an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB grew its stake in shares of Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after purchasing an additional 8,735 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after purchasing an additional 368 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,913.48 on Tuesday. The stock has a market cap of $162.64 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.65 and a beta of 1.39. The business has a 50 day simple moving average of $4,947.51 and a 200 day simple moving average of $4,466.37. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Wells Fargo & Company lowered their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. DA Davidson increased their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased 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. B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.