Kennebec Savings Bank Sells 24 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Kennebec Savings Bank lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 10.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 217 shares of the business services provider’s stock after selling 24 shares during the period. Booking makes up 1.0% of Kennebec Savings Bank’s portfolio, making the stock its 28th largest holding. Kennebec Savings Bank’s holdings in Booking were worth $1,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mogy Joel R Investment Counsel Inc. grew 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 worth $9,321,000 after purchasing an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares in the last quarter. Nordea Investment Management AB raised its stake in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after buying an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of BKNG stock opened at $4,774.33 on Friday. The firm has a 50-day moving average of $5,009.47 and a 200-day moving average of $4,424.49. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $158.03 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.61 and a beta of 1.41.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird initiated coverage on Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

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.