Deltec Asset Management LLC Has $3.70 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Deltec Asset Management LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 745 shares of the business services provider’s stock after selling 41 shares during the period. Deltec Asset Management LLC’s holdings in Booking were worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Garner Asset Management Corp raised its stake in 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 acquiring an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares in the last quarter. Hexagon Capital Partners LLC grew its position in Booking by 23.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 3 shares during the last quarter. Finally, Procyon Advisors LLC boosted its stake in shares of Booking by 1.1% during the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock valued at $1,121,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Booking stock opened at $4,678.94 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm’s 50-day simple moving average is $4,973.14 and its 200 day simple moving average is $4,447.13. The stock has a market cap of $154.87 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKNG. Bank of America raised their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Oppenheimer lifted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Finally, BMO Capital Markets increased their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. 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. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

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.