Booking Holdings Inc. (NASDAQ:BKNG) Stake Reduced by Cibc World Market Inc.

Cibc World Market Inc. decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,647 shares of the business services provider’s stock after selling 1,686 shares during the period. Cibc World Market Inc.’s holdings in Booking were worth $18,118,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BKNG. Mediolanum International Funds Ltd lifted its stake in Booking by 58.1% during the fourth quarter. Mediolanum International Funds Ltd now owns 4,244 shares of the business services provider’s stock valued at $21,129,000 after purchasing an additional 1,559 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Booking by 6.0% during the 4th quarter. OLD National Bancorp IN now owns 160 shares of the business services provider’s stock valued at $795,000 after acquiring an additional 9 shares during the last quarter. Abel Hall LLC bought a new stake in shares of Booking during the 4th quarter worth $215,000. Gries Financial LLC grew its holdings in shares of Booking by 2.5% in the 4th quarter. Gries Financial LLC now owns 123 shares of the business services provider’s stock worth $611,000 after acquiring an additional 3 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in shares of Booking by 31.2% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,382 shares of the business services provider’s stock worth $6,866,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. Tigress Financial lifted their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Stock Down 0.8 %

Shares of BKNG stock opened at $4,737.56 on Friday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market cap 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. The business’s 50 day moving average is $5,000.97 and its two-hundred day moving average is $4,426.92.

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.