Zevin Asset Management LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,653 shares of the business services provider’s stock after selling 453 shares during the quarter. Booking makes up about 2.3% of Zevin Asset Management LLC’s holdings, making the stock its 15th largest holding. Zevin Asset Management LLC’s holdings in Booking were worth $6,292,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Smith Salley & Associates increased its holdings in shares of Booking by 5.6% in the fourth quarter. Smith Salley & Associates now owns 2,708 shares of the business services provider’s stock valued at $4,664,000 after purchasing an additional 143 shares during the last quarter. Flossbach Von Storch AG increased its holdings in shares of Booking by 22.7% in the fourth quarter. Flossbach Von Storch AG now owns 202,106 shares of the business services provider’s stock valued at $348,111,000 after purchasing an additional 37,431 shares during the last quarter. Canal Capital Management LLC increased its holdings in shares of Booking by 21.3% in the fourth quarter. Canal Capital Management LLC now owns 131 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 23 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Booking in the fourth quarter valued at approximately $8,552,000. Finally, Redpoint Investment Management Pty Ltd increased its holdings in shares of Booking by 2.7% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 3,479 shares of the business services provider’s stock valued at $5,992,000 after purchasing an additional 92 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Gillian Tans sold 293 shares of Booking stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,872.01, for a total value of $548,498.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 881 shares of company stock valued at $1,575,047. 0.24% of the stock is currently owned by company insiders.
BKNG has been the subject of several analyst reports. Morgan Stanley lowered Booking from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $2,100.00 to $2,050.00 in a research report on Wednesday, January 9th. Deutsche Bank upgraded Booking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $2,150.00 to $2,370.00 in a research report on Tuesday, February 5th. Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Tigress Financial restated a “buy” rating on shares of Booking in a research report on Monday, December 24th. Finally, Cowen set a $2,200.00 price target on Booking and gave the stock a “buy” rating in a research report on Monday, October 22nd. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $2,155.39.
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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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