Passumpsic Savings Bank Lowers Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Passumpsic Savings Bank trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686 shares of the business services provider’s stock after selling 13 shares during the quarter. Booking makes up approximately 2.1% of Passumpsic Savings Bank’s portfolio, making the stock its 17th biggest holding. Passumpsic Savings Bank’s holdings in Booking were worth $3,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. Geode Capital Management LLC increased its position in shares of Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after purchasing an additional 2,321 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BKNG. B. Riley increased their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Nine 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 company’s stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Down 0.6 %

Shares of BKNG stock opened at $4,989.22 on Friday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $165.14 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The company’s fifty day moving average price is $4,903.34 and its 200-day moving average price is $4,551.96.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. On average, sell-side analysts forecast that Booking Holdings Inc. will post 181.63 earnings per share for the current fiscal year.

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.