Csenge Advisory Group Trims Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Csenge Advisory Group decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96 shares of the business services provider’s stock after selling 17 shares during the quarter. Csenge Advisory Group’s holdings in Booking were worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Booking in the 3rd quarter valued at $5,322,600,000. Empirical Asset Management LLC acquired a new position in shares of Booking in the 4th quarter valued at $207,089,000. Harvard Management Co. Inc. purchased a new stake in Booking during the third quarter worth $155,427,000. Finally, AustralianSuper Pty Ltd grew its position in Booking by 61.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock valued at $253,762,000 after buying an additional 19,391 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of Booking stock opened at $5,141.88 on Wednesday. The stock has a 50 day moving average of $4,917.64 and a 200 day moving average of $4,520.66. The firm has a market capitalization of $170.18 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America raised their price objective on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Wedbush upped their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, UBS Group increased their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Booking presently has an average 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.