Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,307 shares of the business services provider’s stock after selling 5 shares during the period. Booking makes up approximately 1.7% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 20th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Booking were worth $16,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. IFP Advisors Inc boosted its stake in shares of Booking by 15.9% in the fourth quarter. IFP Advisors Inc now owns 73 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 10 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Booking in the fourth quarter valued at $65,000. Y Intercept Hong Kong Ltd purchased a new position in Booking in the fourth quarter valued at $7,343,000. Howard Capital Management Inc. grew its stake in Booking by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 1,007 shares of the business services provider’s stock worth $5,003,000 after purchasing an additional 50 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in Booking by 49.5% during the 4th quarter. Wealthspire Advisors LLC now owns 166 shares of the business services provider’s stock worth $825,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the company an “outperform” rating in a research report on Friday. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Benchmark lifted their price objective on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a report on Friday. Tigress Financial increased their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Finally, Royal Bank of Canada boosted their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

BKNG stock opened at $4,989.22 on Monday. The company’s fifty day moving average price is $4,903.34 and its 200-day moving average price is $4,568.73. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market capitalization of $165.13 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. On average, research analysts predict that Booking Holdings Inc. will post 207.62 EPS for the current fiscal year.

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.