Transcend Capital Advisors LLC Has $377,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Transcend Capital Advisors LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76 shares of the business services provider’s stock after selling 6 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Booking were worth $377,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter worth about $25,000. Valley National Advisers Inc. raised its holdings in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,989.22 on Monday. The company has a market capitalization of $165.13 billion, a PE ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a fifty day moving average of $4,903.34 and a two-hundred day moving average of $4,568.73.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark increased their price objective on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday. B. Riley lifted their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Finally, Cantor Fitzgerald lifted their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.