Cigna Investments Inc. New Sells 10 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Cigna Investments Inc. New decreased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 341 shares of the business services provider’s stock after selling 10 shares during the quarter. Cigna Investments Inc. New’s holdings in Booking were worth $1,694,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BKNG. Sound Income Strategies LLC boosted its holdings in Booking by 60.4% in the third quarter. Sound Income Strategies LLC now owns 85 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 32 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Booking by 2.0% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 9,930 shares of the business services provider’s stock worth $41,826,000 after buying an additional 191 shares during the last quarter. Thomasville National Bank boosted its holdings in Booking by 1.9% during the third quarter. Thomasville National Bank now owns 11,151 shares of the business services provider’s stock worth $46,969,000 after buying an additional 209 shares during the last quarter. Procyon Advisors LLC boosted its holdings in Booking by 1.1% during the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after buying an additional 3 shares during the last quarter. Finally, Sapient Capital LLC boosted its holdings in Booking by 0.5% during the third quarter. Sapient Capital LLC now owns 7,311 shares of the business services provider’s stock worth $30,795,000 after buying an additional 35 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Jefferies Financial Group lifted their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Wedbush lifted their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Up 0.5 %

Shares of BKNG opened at $4,913.48 on Tuesday. The business’s 50 day moving average price is $4,947.51 and its 200-day moving average price is $4,466.37. 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 market cap of $162.64 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.65 and a beta of 1.39.

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.