MTM Investment Management LLC Sells 6 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

MTM Investment Management LLC decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53 shares of the business services provider’s stock after selling 6 shares during the quarter. MTM Investment Management LLC’s holdings in Booking were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC boosted its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the third quarter valued at about $5,322,600,000. Empirical Asset Management LLC purchased a new stake in Booking during the fourth quarter valued at about $207,089,000. Harvard Management Co. Inc. purchased a new stake in Booking during the third quarter valued at about $155,427,000. Finally, Claro Advisors LLC lifted its holdings in Booking by 16,668.9% during the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after purchasing an additional 15,002 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Cantor Fitzgerald dropped their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. UBS Group increased their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Performance

NASDAQ:BKNG opened at $5,018.11 on Thursday. The firm has a market cap of $166.10 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business has a 50 day moving average price of $4,934.95 and a 200-day moving average price of $4,483.62.

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.