Amalgamated Bank Lowers Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Amalgamated Bank lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,573 shares of the business services provider’s stock after selling 316 shares during the period. Amalgamated Bank’s holdings in Booking were worth $37,626,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter worth $25,000. Valley National Advisers Inc. lifted its stake in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the period. Addison Advisors LLC lifted its stake in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after acquiring an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 1.2 %

Shares of BKNG stock opened at $5,049.08 on Tuesday. The firm’s 50 day moving average price is $4,901.28 and its two-hundred day moving average price is $4,580.38. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market cap 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 (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on BKNG. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Truist Financial raised their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Barclays raised their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday. Finally, Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Ten equities research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Company 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.