Swedbank AB Lowers Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Swedbank AB cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,501 shares of the business services provider's stock after selling 1,924 shares during the period. Swedbank AB owned 0.07% of Booking worth $116,763,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter worth approximately $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter worth $25,000. West Financial Advisors LLC bought a new stake in shares of Booking during the third quarter valued at approximately $29,000. Addison Advisors LLC boosted its stake in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. increased its position in shares of Booking by 66.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider's stock valued at $42,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BKNG. JMP Securities reissued a "market outperform" rating and issued a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Mizuho increased their price target on Booking from $5,400.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. B. Riley upped their target price on Booking from $4,650.00 to $5,100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Cantor Fitzgerald cut their price target on Booking from $5,100.00 to $4,900.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Booking from $4,657.00 to $4,470.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5,044.43.

Booking Price Performance

Shares of NASDAQ BKNG traded up $52.47 during trading hours on Thursday, hitting $4,774.33. 236,959 shares of the company's stock were exchanged, compared to its average volume of 260,042. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The stock has a market capitalization of $158.03 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.57 and a beta of 1.41. The company's 50-day moving average price is $5,009.47 and its 200-day moving average price is $4,424.49.

About Booking

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.