Flossbach Von Storch SE Sells 39,944 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Flossbach Von Storch SE trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 59.4% in the fourth quarter, HoldingsChannel reports. The firm owned 27,302 shares of the business services provider’s stock after selling 39,944 shares during the quarter. Flossbach Von Storch SE’s holdings in Booking were worth $135,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at about $25,000. Valley National Advisers Inc. raised its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares in the last quarter. Addison Advisors LLC raised its stake in Booking by 80.0% in the third 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. raised its stake in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research analyst reports. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group upped their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Oppenheimer upped their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Trading Down 0.6 %

NASDAQ BKNG opened at $5,110.60 on Thursday. The firm has a market capitalization of $169.16 billion, a P/E ratio of 34.68, a PEG ratio of 1.78 and a beta of 1.39. The business has a fifty day simple moving average of $4,913.12 and a 200 day simple moving average of $4,537.47. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month 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.