Fort Washington Investment Advisors Inc. OH decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,658 shares of the business services provider’s stock after selling 5,029 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Booking were worth $45,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Smith Salley & Associates increased its position in shares of Booking by 5.6% during the 4th quarter. Smith Salley & Associates now owns 2,708 shares of the business services provider’s stock valued at $4,664,000 after purchasing an additional 143 shares during the last quarter. Flossbach Von Storch AG increased its position in shares of Booking by 22.7% during the 4th quarter. Flossbach Von Storch AG now owns 202,106 shares of the business services provider’s stock valued at $348,111,000 after purchasing an additional 37,431 shares during the last quarter. Canal Capital Management LLC increased its position in shares of Booking by 21.3% during the 4th quarter. Canal Capital Management LLC now owns 131 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 23 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Booking during the 4th quarter valued at approximately $8,552,000. Finally, Redpoint Investment Management Pty Ltd increased its position in shares of Booking by 2.7% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 3,479 shares of the business services provider’s stock valued at $5,992,000 after purchasing an additional 92 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ BKNG opened at $1,871.09 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market cap of $86.69 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.36 and a beta of 1.14. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,228.99.
Several research firms have recently weighed in on BKNG. Deutsche Bank raised Booking from a “hold” rating to a “buy” rating and boosted their target price for the company from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Zacks Investment Research cut Booking from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Morgan Stanley cut Booking from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $2,100.00 to $2,050.00 in a report on Wednesday, January 9th. Jefferies Financial Group cut Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Tigress Financial restated a “buy” rating on shares of Booking in a report on Monday, December 24th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,155.39.
In related news, CEO Gillian Tans sold 293 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,872.01, for a total transaction of $548,498.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 881 shares of company stock valued at $1,575,047 over the last 90 days. 0.24% of the stock is currently owned by company insiders.
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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.
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