Booking Holdings Inc. (BKNG) Position Trimmed by Daiwa Securities Group Inc.

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Daiwa Securities Group Inc. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 28.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,505 shares of the business services provider’s stock after selling 1,835 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Booking were worth $7,760,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division bought a new stake in Booking in the fourth quarter valued at $53,000. Financial Gravity Companies Inc. bought a new stake in Booking in the fourth quarter valued at $72,000. CKW Financial Group bought a new stake in Booking in the fourth quarter valued at $78,000. Ayalon Holdings Ltd. bought a new stake in Booking in the fourth quarter valued at $84,000. Finally, ETF Managers Group LLC boosted its holdings in shares of Booking by 19.2% during the 4th quarter. ETF Managers Group LLC now owns 62 shares of the business services provider’s stock valued at $107,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

A number of analysts have recently commented on the stock. Deutsche Bank upgraded shares of Booking from a “hold” rating to a “buy” rating and boosted their target price for the company from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. Zacks Investment Research cut shares of Booking from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Morgan Stanley cut shares of Booking from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $2,100.00 to $2,050.00 in a report on Wednesday, January 9th. Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Tigress Financial restated a “buy” rating on shares of Booking in a report on Monday, December 24th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Booking presently has a consensus rating of “Buy” and a consensus price target of $2,155.39.

In related news, CEO Gillian Tans sold 293 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,872.01, for a total value of $548,498.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 881 shares of company stock worth $1,575,047. 0.24% of the stock is currently owned by company insiders.

Shares of Booking stock opened at $1,865.00 on Tuesday. The stock has a market capitalization of $86.69 billion, a P/E ratio of 24.21, a PEG ratio of 1.36 and a beta of 1.14. Booking Holdings Inc. has a 1 year low of $1,606.27 and a 1 year high of $2,228.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99.

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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.

Read More: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG).

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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