Beacon Capital Management LLC Sells 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Beacon Capital Management LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10 shares of the business services provider’s stock after selling 5 shares during the quarter. Beacon Capital Management LLC’s holdings in Booking were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Roxbury Financial LLC bought a new stake in Booking in the fourth quarter worth $42,000. Hickory Asset Management Inc. bought a new stake in shares of Booking during the fourth quarter worth $1,624,000. Aveo Capital Partners LLC bought a new stake in shares of Booking during the fourth quarter worth $383,000. AustralianSuper Pty Ltd lifted its position in shares of Booking by 61.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock worth $253,762,000 after purchasing an additional 19,391 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its position in shares of Booking by 1.0% during the fourth quarter. Banque Pictet & Cie SA now owns 9,126 shares of the business services provider’s stock worth $45,342,000 after purchasing an additional 90 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.7 %

Booking stock opened at $5,044.40 on Monday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a market capitalization of $166.97 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. The stock has a 50-day moving average price of $4,919.75 and a 200 day moving average price of $4,505.38.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BKNG shares. B. Riley lifted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company decreased their target price on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Wedbush raised their price target on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Nine investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

About Booking

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.