Sumitomo Mitsui Trust Group Inc. Sells 1,704 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 103,506 shares of the business services provider’s stock after selling 1,704 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Booking were worth $514,261,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garner Asset Management Corp raised its position in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during the period. Optimist Retirement Group LLC raised its holdings in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. Hexagon Capital Partners LLC raised its holdings in Booking by 23.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock worth $67,000 after acquiring an additional 3 shares during the period. Valeo Financial Advisors LLC lifted its position in Booking by 1.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 3 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Booking by 1.1% during the third quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock valued at $1,121,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 1.7 %

NASDAQ BKNG opened at $4,779.71 on Friday. The firm has a market cap of $158.21 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The company has a 50 day moving average of $4,962.67 and a 200-day moving average of $4,448.89.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group raised their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Susquehanna boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reduced 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. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking 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.