Rhumbline Advisers Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Rhumbline Advisers lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 71,046 shares of the business services provider’s stock after selling 1,491 shares during the quarter. Rhumbline Advisers’ holdings in Booking were worth $352,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Booking by 1.4% during the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after buying an additional 11,211 shares during the last quarter. Janus Henderson Group PLC lifted its position in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares during the period. Fisher Asset Management LLC grew its stake in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after purchasing an additional 11,649 shares during the period. Finally, Icon Wealth Advisors LLC raised its stake in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. B. Riley upped their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Baird R W raised shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, Morgan Stanley lifted their price target on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Up 0.7 %

Booking stock opened at $5,044.40 on Friday. The company has a fifty day simple moving average of $4,924.86 and a 200-day simple moving average of $4,490.98. The firm has a market capitalization of $166.97 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

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.