First Mercantile Trust Co. cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116 shares of the business services provider’s stock after selling 46 shares during the quarter. First Mercantile Trust Co.’s holdings in Booking were worth $200,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of BKNG. Polianta Ltd acquired a new position in shares of Booking during the 4th quarter worth about $1,042,000. Cerebellum GP LLC grew its stake in Booking by 61.5% in the 4th quarter. Cerebellum GP LLC now owns 147 shares of the business services provider’s stock valued at $253,000 after buying an additional 56 shares during the last quarter. Watch Point Trust Co grew its stake in Booking by 10.6% in the 3rd quarter. Watch Point Trust Co now owns 1,594 shares of the business services provider’s stock valued at $3,162,000 after buying an additional 153 shares during the last quarter. Hotaling Investment Management LLC acquired a new position in Booking in the 4th quarter valued at about $972,000. Finally, Private Wealth Partners LLC grew its stake in Booking by 5.6% in the 3rd quarter. Private Wealth Partners LLC now owns 2,902 shares of the business services provider’s stock valued at $5,758,000 after buying an additional 154 shares during the last quarter. 92.05% of the stock is currently owned by hedge funds and other institutional investors.
Get Booking alerts:In other news, CEO Gillian Tans sold 294 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $1,796.66, for a total transaction of $528,218.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 881 shares of company stock valued at $1,575,047. 0.24% of the stock is currently owned by insiders.
Shares of Booking stock opened at $1,871.09 on Friday. Booking Holdings Inc. has a 1-year low of $1,606.27 and a 1-year high of $2,228.99. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.99. The company has a market cap of $86.69 billion, a PE ratio of 24.29, a PEG ratio of 1.36 and a beta of 1.14.
A number of brokerages recently commented on BKNG. Evercore ISI began coverage on shares of Booking in a research note on Monday, October 15th. They issued an “in-line” rating and a $1,930.00 price target on the stock. Barclays restated an “overweight” rating and set a $2,360.00 target price (up previously from $2,300.00) on shares of Booking in a research report on Tuesday, November 6th. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Credit Suisse Group restated an “outperform” rating and set a $2,240.00 target price (up previously from $2,100.00) on shares of Booking in a research report on Tuesday, November 6th. Finally, Wedbush set a $2,500.00 target price on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,155.39.
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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.
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