Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,573 shares of the business services provider’s stock after selling 316 shares during the quarter. Amalgamated Bank’s holdings in Booking were worth $37,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking during the fourth quarter worth about $25,000. Valley National Advisers Inc. raised its stake in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the period. Addison Advisors LLC raised its stake in Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. raised its stake in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after purchasing an additional 4 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ BKNG opened at $5,049.08 on Tuesday. The firm’s fifty day moving average price is $4,901.28 and its 200 day moving average price is $4,580.38. The company has a market capitalization of $165.66 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last posted 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 24.78% and a negative return on equity of 159.34%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on BKNG. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Tigress Financial boosted their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Benchmark boosted their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their price objective on shares of Booking from $5,250.00 to $5,900.00 and gave the company an “outperform” rating in a report on Friday. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.