Tobam Has $229,000 Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Tobam cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46 shares of the business services provider’s stock after selling 16 shares during the period. Tobam’s holdings in Booking were worth $229,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC lifted its stake in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the 3rd quarter valued at about $5,322,600,000. Empirical Asset Management LLC bought a new stake in shares of Booking in the 4th quarter valued at about $207,089,000. Harvard Management Co. Inc. acquired a new stake in Booking in the 3rd quarter valued at about $155,427,000. Finally, Claro Advisors LLC grew its holdings in Booking by 16,668.9% during the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Jefferies Financial Group upped their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, Cantor Fitzgerald decreased their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Performance

Booking stock opened at $4,887.47 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $161.78 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The stock has a fifty day moving average of $4,953.80 and a 200-day moving average of $4,451.19.

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.