Cortland Associates Inc. MO reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,714 shares of the business services provider's stock after selling 296 shares during the quarter. Booking comprises about 8.3% of Cortland Associates Inc. MO's investment portfolio, making the stock its 2nd biggest position. Cortland Associates Inc. MO's holdings in Booking were worth $73,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in BKNG. Icon Wealth Advisors LLC lifted its holdings in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Booking in the 3rd quarter worth $5,322,600,000. Empirical Asset Management LLC purchased a new position in Booking in the 4th quarter worth $207,089,000. Harvard Management Co. Inc. purchased a new position in Booking in the 3rd quarter worth $155,427,000. Finally, Claro Advisors LLC raised its stake in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider's stock worth $63,569,000 after acquiring an additional 15,002 shares during the last quarter. 92.42% of the stock is owned by institutional investors.
BKNG stock opened at $4,721.86 on Thursday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm's 50-day moving average is $5,015.36 and its two-hundred day moving average is $4,422.40. The company has a market capitalization of $156.29 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.
BKNG has been the topic of several analyst reports. DA Davidson increased their price target 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. JMP Securities restated a "market outperform" rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. UBS Group raised their target price on Booking from $5,050.00 to $5,550.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Citigroup raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5,044.43.
Read Our Latest Research Report on BKNG
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.
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