Crestwood Advisors Group LLC Trims Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Crestwood Advisors Group LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,873 shares of the business services provider’s stock after selling 119 shares during the period. Booking comprises about 1.9% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 11th largest position. Crestwood Advisors Group LLC’s holdings in Booking were worth $98,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp lifted its position in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 2 shares during the last quarter. Optimist Retirement Group LLC grew its position in shares of Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Booking by 1.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 168 shares of the business services provider’s stock valued at $714,000 after acquiring an additional 3 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Booking by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 835 shares of the business services provider’s stock valued at $3,517,000 after acquiring an additional 3 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Booking by 1.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock worth $1,258,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $4,989.22 on Monday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The business’s fifty day moving average is $4,903.34 and its 200-day moving average is $4,568.73. The stock has a market cap of $165.13 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

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

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Baird R W raised shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald raised their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday. Nine 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking 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.