Financial Advocates Investment Management Sells 7 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Financial Advocates Investment Management lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 55 shares of the business services provider’s stock after selling 7 shares during the period. Financial Advocates Investment Management’s holdings in Booking were worth $273,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the fourth quarter worth approximately $25,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter worth $25,000. Valley National Advisers Inc. raised its position in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of 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 buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BKNG shares. Citigroup raised their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley upped their price target on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Barclays upped their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Mizuho lifted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Trading Up 2.3 %

NASDAQ:BKNG opened at $4,887.47 on Monday. The stock has a fifty day simple moving average of $4,947.51 and a 200-day simple moving average of $4,461.75. The company has a market cap of $161.76 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

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.