ICICI Prudential Asset Management Co Ltd Sells 7 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

ICICI Prudential Asset Management Co Ltd trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 430 shares of the business services provider’s stock after selling 7 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Booking were worth $2,136,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. lifted its holdings in shares of Booking by 16.4% in the 4th 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 during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Booking by 55.9% in 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 acquiring an additional 334 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares during the last quarter. 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 valued at $29,160,000 after buying an additional 368 shares during the last quarter. 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 valued at $166,787,000 after buying an additional 2,010 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald lowered their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Robert W. Baird initiated coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Piper Sandler upped their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Performance

Shares of BKNG stock opened at $5,141.88 on Wednesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s 50-day moving average is $4,916.77 and its 200 day moving average is $4,533.44. The company has a market capitalization of $170.20 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Booking Company 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.