Capital Investment Services of America Inc. Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Capital Investment Services of America Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,520 shares of the business services provider’s stock after selling 130 shares during the quarter. Booking accounts for 2.6% of Capital Investment Services of America Inc.’s holdings, making the stock its 14th largest position. Capital Investment Services of America Inc.’s holdings in Booking were worth $27,426,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BKNG. Mogy Joel R Investment Counsel Inc. boosted its position in shares of 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 valued at $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 third 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 last quarter. Nordea Investment Management AB increased its holdings 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 worth $896,455,000 after buying an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. raised 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 valued at $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.4 %

NASDAQ:BKNG opened at $4,699.39 on Thursday. The firm has a fifty day simple moving average of $4,973.14 and a 200-day simple moving average of $4,447.13. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market capitalization of $155.55 billion, a P/E ratio of 31.89, a PEG ratio of 1.62 and a beta of 1.39.

Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. Piper Sandler raised their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Ten investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.