Bristlecone Advisors LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Bristlecone Advisors LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 878 shares of the business services provider’s stock after selling 4 shares during the quarter. Bristlecone Advisors LLC’s holdings in Booking were worth $4,363,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking during the 4th quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at $25,000. Valley National Advisers Inc. boosted its stake in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the last quarter. Finally, Addison Advisors LLC increased its position in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on BKNG shares. DA Davidson lifted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Bank of America increased their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company decreased their target price 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. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,887.47 on Monday. The company has a market cap of $161.78 billion, a P/E ratio of 33.16, a PEG ratio of 1.65 and a beta of 1.39. The firm has a 50-day simple moving average of $4,947.51 and a two-hundred day simple moving average of $4,461.75. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

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.