WASHINGTON TRUST Co Sells 116 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

WASHINGTON TRUST Co lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,577 shares of the business services provider’s stock after selling 116 shares during the quarter. Booking comprises approximately 0.8% of WASHINGTON TRUST Co’s portfolio, making the stock its 29th biggest position. WASHINGTON TRUST Co’s holdings in Booking were worth $22,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the 4th quarter worth $25,000. Valley National Advisers Inc. lifted its position in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the period. Addison Advisors LLC grew its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. increased its holdings in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $5,044.40 on Friday. The stock’s 50 day simple moving average is $4,924.86 and its 200-day simple moving average is $4,490.98. The company has a market cap of $166.97 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BKNG shares. Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Citigroup increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Benchmark restated a “buy” rating and set a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Robert W. Baird assumed coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Finally, Piper Sandler lifted their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

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.