Venturi Wealth Management LLC Has $338,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Venturi Wealth Management LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 68 shares of the business services provider’s stock after selling 11 shares during the period. Venturi Wealth Management LLC’s holdings in Booking were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Icon Wealth Advisors LLC grew its stake in shares of Booking by 342,723.5% in 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 period. International Assets Investment Management LLC acquired a new stake in Booking in the 3rd quarter valued at $5,322,600,000. Empirical Asset Management LLC bought a new stake in Booking in the fourth quarter valued at $207,089,000. Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth $155,427,000. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Booking by 61.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 51,075 shares of the business services provider’s stock valued at $253,762,000 after acquiring an additional 19,391 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 1.8 %

Shares of BKNG opened at $5,018.23 on Friday. The stock has a market cap of $166.10 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.39. The stock’s 50-day moving average price is $4,908.11 and its two-hundred day moving average price is $4,540.81. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. As a group, equities analysts forecast that Booking Holdings Inc. will post 181.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Oppenheimer raised their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Morgan Stanley boosted their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. BMO Capital Markets raised their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Company 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.