ING Groep NV Has $61.94 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

ING Groep NV lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,466 shares of the business services provider's stock after selling 4,418 shares during the period. ING Groep NV's holdings in Booking were worth $61,936,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC bought a new position in Booking during the 3rd quarter valued at $203,000. Ledyard National Bank bought a new position in Booking during the third quarter valued at about $265,000. Foundations Investment Advisors LLC grew its holdings in Booking by 7.9% during the third quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider's stock worth $1,837,000 after acquiring an additional 32 shares during the period. Sequoia Financial Advisors LLC raised its position in Booking by 1.1% in the third quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider's stock worth $3,169,000 after acquiring an additional 8 shares in the last quarter. Finally, Eastern Bank lifted its holdings in Booking by 82.4% in the 3rd quarter. Eastern Bank now owns 124 shares of the business services provider's stock valued at $522,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Price Performance

Shares of BKNG stock traded down $29.01 on Friday, hitting $4,989.22. The company's stock had a trading volume of 724,045 shares, compared to its average volume of 272,448. The stock has a market capitalization of $165.14 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm's fifty day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results 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 negative return on equity of 166.06% and a net margin of 21.85%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Analysts predict that Booking Holdings Inc. will post 181.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a research note on Friday. DA Davidson upped their price target on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday. Argus downgraded Booking from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Booking from $5,575.00 to $5,750.00 and gave the company an "overweight" rating in a report on Friday. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,370.43.

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.