Bristlecone Advisors LLC Decreases Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bristlecone Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 878 shares of the business services provider’s stock after selling 4 shares during the period. Bristlecone Advisors LLC’s holdings in Booking were worth $4,363,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its position in Booking by 1.0% during the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after acquiring an additional 3 shares in the last quarter. Lion Street Advisors LLC acquired a new position in shares of Booking during the 3rd quarter worth approximately $206,000. Cardinal Capital Management Inc. increased its holdings in Booking by 5.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 7,134 shares of the business services provider’s stock worth $30,049,000 after acquiring an additional 362 shares in the last quarter. Shaker Investments LLC OH acquired a new position in Booking during the third quarter worth $1,104,000. Finally, Sound Income Strategies LLC lifted its holdings in Booking by 60.4% during the third quarter. Sound Income Strategies LLC now owns 85 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BKNG shares. JMP Securities restated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Citigroup raised their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Cantor Fitzgerald dropped their price target on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group boosted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Ten investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Trading Up 2.3 %

Booking stock opened at $4,887.47 on Monday. The stock has a fifty day moving average price of $4,947.51 and a 200 day moving average price of $4,461.75. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a market capitalization of $161.78 billion, a P/E ratio of 33.16, a PEG ratio of 1.65 and a beta of 1.39.

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.