Passumpsic Savings Bank Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Passumpsic Savings Bank decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 686 shares of the business services provider’s stock after selling 13 shares during the quarter. Booking accounts for approximately 2.1% of Passumpsic Savings Bank’s holdings, making the stock its 17th biggest position. Passumpsic Savings Bank’s holdings in Booking were worth $3,408,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Garner Asset Management Corp boosted its position in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its position in shares of Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the period. Silver Oak Securities Incorporated boosted its position in shares of Booking by 1.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock valued at $714,000 after purchasing an additional 3 shares during the period. First Bank & Trust boosted its position in shares of Booking by 2.4% in the 3rd quarter. First Bank & Trust now owns 130 shares of the business services provider’s stock valued at $548,000 after purchasing an additional 3 shares during the period. Finally, Modera Wealth Management LLC boosted its position in shares of Booking by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock valued at $3,517,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 0.6 %

BKNG stock opened at $4,989.22 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock’s fifty day simple moving average is $4,903.34 and its 200-day simple moving average is $4,551.96. The stock has a market capitalization of $165.14 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. As a group, analysts anticipate that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial increased their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Wedbush increased their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group increased their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Nine research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.