Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 617 shares of the business services provider’s stock after selling 52 shares during the quarter. Redmond Asset Management LLC’s holdings in Booking were worth $3,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in Booking by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after purchasing an additional 60 shares during the period. McAdam LLC bought a new stake in Booking in the third quarter worth $202,000. Great Lakes Retirement Inc. raised its stake in shares of Booking by 5.4% in the 3rd quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock valued at $1,304,000 after acquiring an additional 16 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Booking by 24.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after buying an additional 23 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Booking by 6.5% during the 3rd quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock worth $1,530,000 after purchasing an additional 22 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BKNG shares. Tigress Financial raised their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. DA Davidson increased their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday. Finally, Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,989.22 on Friday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm’s 50 day simple moving average is $4,903.34 and its two-hundred day simple moving average is $4,551.96. The company has a market capitalization of $165.14 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39.

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

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.