Booking Holdings Inc. (NASDAQ:BKNG) Stock Position Reduced by EULAV Asset Management

EULAV Asset Management lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,652 shares of the business services provider’s stock after selling 100 shares during the quarter. EULAV Asset Management’s holdings in Booking were worth $13,176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the third quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its stake 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 buying an additional 6 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Mizuho boosted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Morgan Stanley raised their target price on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. B. Riley upped their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Performance

Shares of BKNG stock opened at $4,887.47 on Friday. The firm has a fifty day moving average of $4,953.80 and a 200-day moving average of $4,451.19. The stock has a market cap of $161.78 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week 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.