Litman Gregory Wealth Management LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,503 shares of the business services provider's stock after selling 163 shares during the quarter. Booking comprises about 1.1% of Litman Gregory Wealth Management LLC's investment portfolio, making the stock its 28th largest holding. Litman Gregory Wealth Management LLC's holdings in Booking were worth $12,436,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mogy Joel R Investment Counsel Inc. raised its position in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock worth $9,321,000 after acquiring an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock worth $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB raised its holdings in Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock worth $896,455,000 after buying an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after buying an additional 368 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after buying an additional 2,010 shares during the period. 92.42% of the stock is currently owned by institutional investors.
Booking Stock Up 1.2 %
BKNG stock traded up $55.97 during midday trading on Wednesday, hitting $4,734.91. 121,356 shares of the company traded hands, compared to its average volume of 252,670. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a 50 day simple moving average of $4,973.14 and a 200-day simple moving average of $4,447.13. The stock has a market capitalization of $156.73 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39.
Wall Street Analyst Weigh In
BKNG has been the topic of several recent analyst reports. JMP Securities restated a "market outperform" rating and set a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Wedbush boosted their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Truist Financial boosted their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Susquehanna boosted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Booking from $4,900.00 to $5,200.00 and gave the company a "buy" rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5,044.43.
Check Out Our Latest Research Report on Booking
Booking Company Profile
(
Free Report)
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.
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