Asset Dedication LLC Reduces Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Asset Dedication LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25 shares of the business services provider’s stock after selling 3 shares during the quarter. Asset Dedication LLC’s holdings in Booking were worth $124,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Algert Global LLC grew its stake in Booking by 34.5% in the second quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after purchasing an additional 30 shares during the period. Cetera Investment Advisers grew its position in shares of Booking by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 7,502 shares of the business services provider’s stock worth $29,722,000 after buying an additional 261 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $6,168,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Booking by 74.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,515 shares of the business services provider’s stock valued at $105,039,000 after acquiring an additional 11,315 shares during the period. Finally, Centaurus Financial Inc. lifted its position in Booking by 49.5% during the 2nd quarter. Centaurus Financial Inc. now owns 145 shares of the business services provider’s stock valued at $575,000 after acquiring an additional 48 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Trading Up 1.1 %

Shares of NASDAQ BKNG opened at $4,774.33 on Friday. 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 market capitalization of $158.03 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The firm has a 50 day moving average of $5,009.47 and a 200 day moving average of $4,424.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKNG shares. Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho raised their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Robert W. Baird began coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Jefferies Financial Group raised their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Susquehanna upped 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. Ten equities research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

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.