Empowered Funds LLC Sells 1,933 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Empowered Funds LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 48.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,038 shares of the business services provider’s stock after selling 1,933 shares during the quarter. Empowered Funds LLC’s holdings in Booking were worth $10,126,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Garner Asset Management Corp grew its stake in Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC lifted its holdings in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Booking by 1.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares in the last quarter. Procyon Advisors LLC increased its stake in Booking by 1.1% in the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock valued at $1,121,000 after acquiring an additional 3 shares during the last quarter. Finally, ERTS Wealth Advisors LLC raised its position in Booking by 2.7% during the third quarter. ERTS Wealth Advisors LLC now owns 115 shares of the business services provider’s stock valued at $484,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock opened at $4,887.47 on Monday. The stock’s 50 day moving average price is $4,947.51 and its two-hundred day moving average price is $4,461.75. The stock has a market capitalization of $161.76 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.65 and a beta of 1.39. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley increased their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Oppenheimer lifted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

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.