SteelPeak Wealth LLC Sells 158 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

SteelPeak Wealth LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,011 shares of the business services provider’s stock after selling 158 shares during the period. SteelPeak Wealth LLC’s holdings in Booking were worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ascent Group LLC grew its holdings in shares of Booking by 22.4% during the second quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock valued at $606,000 after buying an additional 28 shares during the last quarter. Algert Global LLC lifted its position in Booking by 34.5% in the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock valued at $463,000 after acquiring an additional 30 shares in the last quarter. Creative Planning boosted its stake in Booking by 17.3% during the 2nd quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock valued at $17,414,000 after purchasing an additional 649 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Booking by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,032 shares of the business services provider’s stock worth $8,050,000 after purchasing an additional 130 shares in the last quarter. Finally, Invst LLC purchased a new stake in shares of Booking in the second quarter worth approximately $206,000. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,684.68 on Wednesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market capitalization of $155.06 billion, a P/E ratio of 31.79, a PEG ratio of 1.57 and a beta of 1.41. The business has a fifty day moving average price of $5,021.20 and a 200-day moving average price of $4,417.76.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Robert W. Baird initiated coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Citigroup boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Bank of America increased their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,997.64.

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.