Osborne Partners Capital Management LLC Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Osborne Partners Capital Management LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,519 shares of the business services provider’s stock after selling 85 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Booking were worth $12,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter valued at $25,000. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth about $25,000. West Financial Advisors LLC purchased a new position in Booking in the 3rd quarter worth about $29,000. Finally, Addison Advisors LLC lifted its holdings in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of BKNG opened at $4,737.56 on Friday. The company’s fifty day moving average price is $4,992.18 and its 200-day moving average price is $4,431.43. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The firm has a market capitalization of $156.81 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wedbush raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. B. Riley increased their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Ten research 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. Based on data from MarketBeat, the stock presently has an average 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.