Booking Holdings Inc. (NASDAQ:BKNG) Stake Reduced by Ledyard National Bank

Ledyard National Bank trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59 shares of the business services provider’s stock after selling 4 shares during the quarter. Ledyard National Bank’s holdings in Booking were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Daymark Wealth Partners LLC grew its holdings in Booking by 56.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 80 shares of the business services provider’s stock worth $337,000 after buying an additional 29 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after purchasing an additional 3 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Booking by 34.0% during the third quarter. Perpetual Ltd now owns 599 shares of the business services provider’s stock valued at $2,523,000 after purchasing an additional 152 shares during the period. San Luis Wealth Advisors LLC bought a new stake in shares of Booking during the third quarter valued at about $400,000. Finally, Davies Financial Advisors Inc. acquired a new stake in Booking in the third quarter worth about $207,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 2.3 %

BKNG stock opened at $4,887.47 on Friday. The firm has a 50 day moving average of $4,953.80 and a two-hundred day moving average of $4,451.19. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market capitalization of $161.78 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 1.39.

Analyst Ratings Changes

A number of research firms have commented on BKNG. Morgan Stanley boosted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. DA Davidson upped their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Ten research 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 stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus 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.