Cibc World Market Inc. Reduces Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Cibc World Market Inc. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,647 shares of the business services provider’s stock after selling 1,686 shares during the period. Cibc World Market Inc.’s holdings in Booking were worth $18,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new position in Booking in the 3rd quarter valued at about $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking in the fourth quarter worth about $25,000. West Financial Advisors LLC acquired a new position in shares of Booking in the third quarter worth about $29,000. Addison Advisors LLC grew its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. increased its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.8 %

Shares of BKNG opened at $4,737.56 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $156.81 billion, a PE ratio of 32.15, a P/E/G ratio of 1.61 and a beta of 1.41. The firm has a 50-day moving average price of $5,000.97 and a 200 day moving average price of $4,426.92.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup boosted their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada increased their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial boosted their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. 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 company. Based on data from MarketBeat, Booking presently has an average 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.