Robertson Stephens Wealth Management LLC Sells 153 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Robertson Stephens Wealth Management LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 38.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 248 shares of the business services provider’s stock after selling 153 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Booking were worth $1,233,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BKNG. Icon Wealth Advisors LLC raised its holdings in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC bought a new position in Booking during the third quarter valued at about $5,322,600,000. Empirical Asset Management LLC bought a new position in Booking during the fourth quarter valued at about $207,089,000. Harvard Management Co. Inc. bought a new position in shares of Booking in the third quarter worth about $155,427,000. Finally, Claro Advisors LLC increased its stake in shares of Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. B. Riley lifted their price objective 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. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their price objective on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Price Performance

Shares of BKNG opened at $4,779.71 on Friday. The company has a market capitalization of $158.21 billion, a P/E ratio of 32.43, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The business’s 50 day simple moving average is $4,962.67 and its 200-day simple moving average is $4,448.89.

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.