Tobam Sells 16 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Tobam trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46 shares of the business services provider’s stock after selling 16 shares during the quarter. Tobam’s holdings in Booking were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC raised its position in Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after buying an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Truist Financial upped their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. 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 MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Up 2.3 %

NASDAQ:BKNG opened at $4,887.47 on Friday. The company has a market cap 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. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a 50 day moving average price of $4,953.80 and a two-hundred day moving average price 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.