Private Advisor Group LLC Sells 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Private Advisor Group LLC cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,425 shares of the business services provider’s stock after selling 10 shares during the period. Private Advisor Group LLC’s holdings in Booking were worth $12,046,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp raised its holdings in Booking by 160.0% during the fourth quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock worth $6,459,000 after acquiring an additional 800 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in shares of Booking by 6.1% during the 4th quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider’s stock worth $522,000 after purchasing an additional 6 shares during the last quarter. Convergence Investment Partners LLC increased its position in shares of Booking by 51.1% during the 4th quarter. Convergence Investment Partners LLC now owns 263 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 89 shares during the last quarter. Callahan Advisors LLC raised its stake in shares of Booking by 1.2% during the 4th quarter. Callahan Advisors LLC now owns 4,065 shares of the business services provider’s stock worth $20,196,000 after purchasing an additional 47 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Booking by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider’s stock valued at $6,372,000 after buying an additional 62 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.8 %

NASDAQ BKNG opened at $5,018.23 on Friday. The company has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.78 and a beta of 1.39. The company has a 50 day moving average of $4,908.11 and a 200-day moving average of $4,540.81. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. On average, equities research analysts forecast that Booking Holdings Inc. will post 181.71 earnings per share for the current year.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Wedbush boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Morgan Stanley raised their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Barclays upped their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

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.