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

Deltec Asset Management LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 745 shares of the business services provider’s stock after selling 41 shares during the quarter. Deltec Asset Management LLC’s holdings in Booking were worth $3,701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Mogy Joel R Investment Counsel Inc. grew its holdings in Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after acquiring an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Nordea Investment Management AB boosted its stake in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after buying an additional 368 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after buying an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $4,678.94 on Wednesday. The business’s fifty day moving average price is $4,973.14 and its two-hundred day moving average price is $4,447.13. The stock has a market capitalization of $154.87 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.62 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.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup lifted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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 price target on the stock. Barclays lifted their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their target price on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking 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.