New Mexico Educational Retirement Board Sells 100 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

New Mexico Educational Retirement Board reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,548 shares of the business services provider’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Booking were worth $7,691,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. AustralianSuper Pty Ltd increased its holdings in Booking by 61.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock worth $253,762,000 after purchasing an additional 19,391 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in shares of Booking by 1.0% during the fourth quarter. Banque Pictet & Cie SA now owns 9,126 shares of the business services provider’s stock valued at $45,342,000 after acquiring an additional 90 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Booking by 9.9% during the fourth quarter. V Square Quantitative Management LLC now owns 668 shares of the business services provider’s stock valued at $3,319,000 after acquiring an additional 60 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of Booking by 3.7% during the fourth quarter. Catalyst Financial Partners LLC now owns 168 shares of the business services provider’s stock valued at $835,000 after acquiring an additional 6 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Booking by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 17,177 shares of the business services provider’s stock valued at $86,527,000 after acquiring an additional 438 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Barclays boosted their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Morgan Stanley boosted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company cut their target price on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Stock Performance

NASDAQ:BKNG opened at $5,044.40 on Friday. The firm has a market cap of $166.97 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.65 and a beta of 1.39. The business’s fifty day moving average is $4,924.86 and its 200 day moving average is $4,490.98. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

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.