Birinyi Associates Inc. Trims Holdings in Booking Holdings Inc. (BKNG)

Birinyi Associates Inc. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,916 shares of the business services provider’s stock after selling 207 shares during the period. Booking comprises 5.1% of Birinyi Associates Inc.’s portfolio, making the stock its 6th largest position. Birinyi Associates Inc.’s holdings in Booking were worth $10,190,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BKNG. Moody National Bank Trust Division bought a new position in Booking during the 4th quarter worth approximately $53,000. Financial Gravity Companies Inc. bought a new position in Booking during the 4th quarter worth approximately $72,000. CKW Financial Group bought a new position in Booking during the 4th quarter worth approximately $78,000. Ayalon Holdings Ltd. bought a new position in Booking during the 4th quarter worth approximately $84,000. Finally, ETF Managers Group LLC lifted its holdings in Booking by 19.2% during the 4th quarter. ETF Managers Group LLC now owns 62 shares of the business services provider’s stock worth $107,000 after buying an additional 10 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

In related news, CEO Gillian Tans sold 294 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $1,695.00, for a total value of $498,330.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by company insiders.

BKNG opened at $1,933.57 on Tuesday. Booking Holdings Inc. has a 12 month low of $1,606.27 and a 12 month high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market capitalization of $89.58 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

A number of research analysts have commented on the company. Barclays reaffirmed an “overweight” rating and set a $2,360.00 target price (up previously from $2,300.00) on shares of Booking in a report on Tuesday, November 6th. Bank of America increased their target price on Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. DA Davidson set a $2,000.00 price target on Booking and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Wedbush set a $2,500.00 price target on Booking and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, Raymond James reiterated an “outperform” rating and set a $2,160.00 price target (up from $1,970.00) on shares of Booking in a research report on Tuesday, November 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Booking has an average rating of “Buy” and a consensus target price of $2,155.39.

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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.

See Also: Capital Gains

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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