Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Swedbank AB

Swedbank AB reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.6% during the 4th quarter, according to its most recent 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 quarter. Swedbank AB’s holdings in Booking were worth $116,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter valued at $25,000. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter valued at about $29,000. Addison Advisors LLC raised its holdings in shares of 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 buying an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its stake in shares of Booking by 66.7% during the third 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 owned by hedge funds and other institutional investors.

Booking Trading Up 0.2 %

Shares of NASDAQ:BKNG traded up $7.90 on Wednesday, hitting $4,692.58. The company had a trading volume of 14,284 shares, compared to its average volume of 251,843. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market cap of $155.32 billion, a PE ratio of 31.92, a PEG ratio of 1.57 and a beta of 1.41. The business has a 50 day moving average of $5,015.36 and a 200 day moving average of $4,422.40.

Wall Street Analysts Forecast Growth

Several research firms have commented on BKNG. Morgan Stanley upped their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. B. Riley upped their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird began coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Bank of America upped their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.