Allen Capital Group LLC Has $2.37 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Allen Capital Group LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 477 shares of the business services provider's stock after selling 66 shares during the quarter. Allen Capital Group LLC's holdings in Booking were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Montrusco Bolton Investments Inc. increased its position in Booking by 31.2% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,382 shares of the business services provider's stock worth $6,866,000 after buying an additional 329 shares during the last quarter. Smith Group Asset Management LLC boosted its stake in shares of Booking by 7.4% during the 4th quarter. Smith Group Asset Management LLC now owns 8,403 shares of the business services provider's stock worth $41,750,000 after acquiring an additional 580 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Booking by 3.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 93,972 shares of the business services provider's stock valued at $466,892,000 after acquiring an additional 3,462 shares during the last quarter. R Squared Ltd bought a new position in shares of Booking in the 4th quarter valued at approximately $397,000. Finally, NorthStar Asset Management LLC NJ acquired a new stake in Booking in the 4th quarter worth approximately $219,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BKNG. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Wedbush boosted their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, Cantor Fitzgerald dropped their price objective on Booking from $5,100.00 to $4,900.00 and set a "neutral" rating on the stock in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,044.43.

Booking Stock Performance

Shares of NASDAQ BKNG traded down $36.77 during midday trading on Friday, reaching $4,737.56. 245,142 shares of the company traded hands, compared to its average volume of 235,233. The stock's 50-day simple moving average is $4,992.18 and its 200-day simple moving average is $4,431.43. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market cap of $156.80 billion, a PE ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41.

Booking 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.