Covey Capital Advisors LLC Sells 96 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Covey Capital Advisors LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,114 shares of the business services provider’s stock after selling 96 shares during the quarter. Booking accounts for about 6.3% of Covey Capital Advisors LLC’s holdings, making the stock its 4th biggest position. Covey Capital Advisors LLC’s holdings in Booking were worth $5,535,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. boosted its holdings in shares of Booking by 16.4% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after buying an additional 264 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the last quarter. Nordea Investment Management AB raised its stake in Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Down 1.8 %

NASDAQ BKNG opened at $5,018.23 on Friday. 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 $166.10 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The firm’s 50 day moving average is $4,908.11 and its 200-day moving average is $4,540.81.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. As a group, sell-side analysts expect that Booking Holdings Inc. will post 181.63 EPS for the current year.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent research reports. Tigress Financial increased their price objective 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. Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. The Goldman Sachs Group raised their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Oppenheimer raised their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.