HMS Capital Management LLC Decreases Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

HMS Capital Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 522 shares of the business services provider’s stock after selling 6 shares during the period. Booking makes up 1.3% of HMS Capital Management LLC’s portfolio, making the stock its 22nd biggest position. HMS Capital Management LLC’s holdings in Booking were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position in Booking by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 963 shares of the business services provider’s stock worth $4,785,000 after purchasing an additional 31 shares during the period. Channing Global Advisors LLC lifted its holdings in Booking by 42.8% in the 4th quarter. Channing Global Advisors LLC now owns 444 shares of the business services provider’s stock worth $2,206,000 after buying an additional 133 shares in the last quarter. GEM Asset Management LLC acquired a new position in Booking in the 4th quarter worth $209,000. Avidian Wealth Enterprises LLC lifted its holdings in Booking by 9.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 70 shares of the business services provider’s stock worth $350,000 after buying an additional 6 shares in the last quarter. Finally, Great Lakes Retirement Inc. lifted its holdings in Booking by 5.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 327 shares of the business services provider’s stock worth $1,625,000 after buying an additional 17 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $5,018.11 on Thursday. The firm has a market capitalization of $166.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.65 and a beta of 1.39. The company’s fifty day moving average is $4,934.95 and its two-hundred day moving average is $4,483.62. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” 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. Jefferies Financial Group increased their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson upped their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target 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.