Ibex Wealth Advisors Sells 129,752 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ibex Wealth Advisors cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 99.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,020 shares of the business services provider’s stock after selling 129,752 shares during the quarter. Ibex Wealth Advisors’ holdings in Booking were worth $5,068,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of 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 purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $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 grew its position in Booking by 4.1% in 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 purchasing an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its stake 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. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Citigroup raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays increased their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, B. Riley upped their price target on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Price Performance

BKNG traded up $12.39 on Wednesday, hitting $4,697.07. The company had a trading volume of 14,284 shares, compared to its average volume of 251,843. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a fifty day simple moving average of $5,015.36 and a 200-day simple moving average of $4,422.40. The firm has a market capitalization of $155.47 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.41.

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.