Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139 shares of the business services provider’s stock after selling 5 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Booking were worth $691,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC lifted its holdings in Booking by 42.8% in the 4th quarter. Ieq Capital LLC now owns 5,233 shares of the business services provider’s stock worth $26,002,000 after buying an additional 1,568 shares in the last quarter. Parthenon LLC raised its stake in shares of Booking by 1.4% in the 4th quarter. Parthenon LLC now owns 3,558 shares of the business services provider’s stock valued at $17,678,000 after purchasing an additional 49 shares in the last quarter. Bryn Mawr Capital Management LLC raised its stake in shares of Booking by 3,940.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock valued at $190,926,000 after purchasing an additional 37,477 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Booking by 160.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider’s stock valued at $6,459,000 after purchasing an additional 800 shares in the last quarter. Finally, Bigelow Investment Advisors LLC raised its stake in shares of Booking by 6.1% in the 4th quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider’s stock valued at $522,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Wedbush upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday. Finally, Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Nine equities 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

Booking stock opened at $4,989.22 on Monday. The firm has a 50 day simple moving average of $4,903.34 and a 200-day simple moving average of $4,568.73. The stock has a market capitalization of $165.13 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. On average, analysts forecast that Booking Holdings Inc. will post 207.62 earnings per share for the current fiscal year.

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.