Jacobsen Capital Management Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

Jacobsen Capital Management trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178 shares of the business services provider’s stock after selling 7 shares during the quarter. Booking accounts for approximately 0.4% of Jacobsen Capital Management’s portfolio, making the stock its 27th largest holding. Jacobsen Capital Management’s holdings in Booking were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Garner Asset Management Corp boosted its holdings in Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC lifted its position in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the period. Quent Capital LLC boosted its stake in shares of Booking by 2.7% during the 3rd quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after acquiring an additional 3 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Booking by 23.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Booking by 1.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.8 %

Shares of NASDAQ BKNG opened at $4,737.56 on Friday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a 50 day moving average of $4,992.18 and a 200-day moving average of $4,433.62. The company has a market capitalization of $156.81 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.61 and a beta of 1.41.

Analyst Ratings Changes

Several research firms have weighed in on BKNG. Wells Fargo & Company lowered their target price on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Susquehanna lifted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Bank of America increased their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Mizuho upped their target price on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.