Nations Financial Group Inc. IA ADV Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

Nations Financial Group Inc. IA ADV reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 809 shares of the business services provider's stock after selling 122 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Booking were worth $4,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter worth about $25,000. Valley National Advisers Inc. raised its holdings in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares during the period. Addison Advisors LLC raised its holdings in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock worth $38,000 after buying an additional 4 shares during the period. Finally, Carmichael Hill & Associates Inc. raised its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock worth $42,000 after buying an additional 4 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of NASDAQ:BKNG traded down $31.28 during midday trading on Wednesday, reaching $5,110.60. The company's stock had a trading volume of 187,180 shares, compared to its average volume of 257,431. The firm has a market capitalization of $169.16 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.74 and a beta of 1.39. The firm has a 50 day moving average price of $4,916.77 and a two-hundred day moving average price of $4,533.44. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Analysts Set New Price Targets

Several research firms have issued reports on BKNG. 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. B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. DA Davidson boosted their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Benchmark restated a "buy" rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Finally, Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,044.43.

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.