Booking Holdings Inc. (NASDAQ:BKNG) Stock Holdings Lessened by Cairn Investment Group Inc.

Cairn Investment Group Inc. trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,146 shares of the business services provider’s stock after selling 38 shares during the period. Booking comprises approximately 3.3% of Cairn Investment Group Inc.’s holdings, making the stock its 6th biggest holding. Cairn Investment Group Inc.’s holdings in Booking were worth $5,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OLD National Bancorp IN lifted its holdings in shares of Booking by 6.0% in the fourth quarter. OLD National Bancorp IN now owns 160 shares of the business services provider’s stock worth $795,000 after buying an additional 9 shares in the last quarter. Abel Hall LLC purchased a new stake in Booking in the fourth quarter valued at approximately $215,000. Gries Financial LLC raised its stake in Booking by 2.5% in the fourth quarter. Gries Financial LLC now owns 123 shares of the business services provider’s stock valued at $611,000 after purchasing an additional 3 shares in the last quarter. Montrusco Bolton Investments Inc. raised its stake in Booking by 31.2% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,382 shares of the business services provider’s stock valued at $6,866,000 after purchasing an additional 329 shares in the last quarter. Finally, Smith Group Asset Management LLC raised its stake in Booking by 7.4% in the fourth quarter. Smith Group Asset Management LLC now owns 8,403 shares of the business services provider’s stock valued at $41,750,000 after purchasing an additional 580 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.8 %

Shares of Booking stock opened at $4,721.86 on Thursday. The firm has a market capitalization of $156.29 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.41. The business has a fifty day simple moving average of $5,015.36 and a two-hundred day simple moving average of $4,422.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Analyst Ratings Changes

A number of brokerages recently weighed in on BKNG. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna raised their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Wedbush raised their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. DA Davidson increased their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reduced their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock 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.