Forsta AP Fonden Sells 1,300 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Forsta AP Fonden cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the business services provider’s stock after selling 1,300 shares during the quarter. Forsta AP Fonden’s holdings in Booking were worth $44,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Mogy Joel R Investment Counsel Inc. increased its stake in shares of Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after purchasing an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in 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 buying an additional 334 shares in the last quarter. Nordea Investment Management AB raised its holdings in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after acquiring an additional 368 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Up 0.2 %

Shares of BKNG opened at $4,684.68 on Wednesday. The firm has a market capitalization of $155.06 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm has a fifty day moving average price of $5,015.36 and a 200-day moving average price of $4,422.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. B. Riley boosted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Morgan Stanley raised their target price on shares of 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. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Barclays raised their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Ten investment 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

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.