Crestwood Advisors Group LLC Reduces Its Stake in Booking Holdings Inc.

Crestwood Advisors Group LLC has reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the fourth quarter, as detailed in its latest 13F filing with the SEC. After selling 119 shares, the firm now owns a total of 19,873 shares of the travel services provider. This percentage represents 1.9% of Crestwood Advisors Group LLC's overall investment portfolio, making Booking Holdings its 11th largest position. As of the end of the last reporting period, the value of its investment in Booking amounted to $98,736,000.

Recent Changes by Other Hedge Funds

Other institutional investors have also made changes to their positions in Booking Holdings. AEGON ASSET MANAGEMENT UK Plc has entered a new investment in Booking, buying shares valued at about $25,000 in the fourth quarter. Similarly, New Wave Wealth Advisors LLC has established a new holding in the company, also valued around $25,000. Valley National Advisers Inc. saw a significant increase in its stake, raising it by 600.0% and owning 7 shares worth approximately $36,000 after acquiring an additional 6 shares in the last quarter. In addition, Roxbury Financial LLC purchased a new position in Booking costing about $42,000. Meanwhile, Addison Advisors LLC increased its holdings in Booking by 80.0% during the third quarter, now managing 9 shares valued at $38,000 after buying an additional 4 shares. Currently, institutional investors and hedge funds collectively hold 92.42% of Booking's stock.

Analyst Opinions on Booking Holdings

Booking Holdings has attracted the attention of multiple research analysts. StockNews.com upgraded the company's rating from "hold" to "buy" in a report published on November 9th. Following suit, Cfra increased their rating from "hold" to "buy" on February 18th. Benchmark recently raised their price target for Booking shares from $5,000 to $5,900, maintaining a "buy" rating. Morgan Stanley also adjusted their target price, increasing it from $4,600 to $5,000 while labeling it as "equal weight" on January 13th. In another upgrade, Wedbush lifted its price target from $5,000 to $5,500, rating the company as "outperform" on January 6th. Currently, nine analysts offer a "hold" rating, while twenty-one recommend a "buy" and two suggest a "strong buy." MarketBeat.com indicates an average rating of "Moderate Buy" for Booking, with a consensus price target set at $5,370.43.

Price Performance of Booking Holdings

The trading price of Booking Holdings on Monday opened at $4,989.22. Over the past year, the stock has fluctuated between a low of $3,180.00 and a high of $5,337.24. The company’s 50-day moving average stands at $4,903.34, while its 200-day moving average is $4,568.73. Booking currently holds a market capitalization of $165.13 billion, with a PE ratio of 28.83 and a P/E/G ratio of 1.74. The stock also exhibits a beta of 1.39.

Quarterly Earnings Report

Booking Holdings last reported its quarterly earnings on February 20th, where it posted an earnings per share (EPS) of $41.55, surpassing the expected consensus of $35.82 by $5.73. The company experienced a negative return on equity of 159.60% and maintained a net margin of 24.78%. It recorded quarterly revenue of $5.47 billion, which exceeded analyst forecasts of $5.18 billion. Analysts predict that Booking Holdings will achieve an EPS of 207.62 this year.

About Booking Holdings

Booking Holdings Inc., previously known as The Priceline Group Inc., specializes in online reservations for travel and dining services. Through its various online travel brands, such as Booking.com, priceline.com, and agoda.com, the company connects consumers with a wide range of travel service providers globally, offering accommodations that include hotels, apartments, vacation rentals, and much more.

Investment, HedgeFunds, Earnings