ING Groep NV trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,466 shares of the business services provider's stock after selling 4,418 shares during the period. ING Groep NV's holdings in Booking were worth $61,936,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC grew its stake in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the 3rd quarter valued at about $5,322,600,000. Empirical Asset Management LLC purchased a new stake in Booking during the 4th quarter valued at about $207,089,000. Bryn Mawr Capital Management LLC boosted its stake in shares of Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider's stock worth $190,926,000 after buying an additional 37,477 shares during the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in shares of Booking in the third quarter worth about $155,427,000. 92.42% of the stock is owned by institutional investors.
A number of analysts have recently commented on BKNG shares. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday. Wells Fargo & Company lowered their target price on Booking from $4,657.00 to $4,470.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Benchmark restated a "buy" rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Susquehanna upped their target price on 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, Baird R W upgraded Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5,044.43.
Get Our Latest Research Report on BKNG
BKNG opened at $5,110.60 on Thursday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The business has a fifty day simple moving average of $4,913.12 and a 200-day simple moving average of $4,537.47. The firm has a market cap of $169.16 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.78 and a beta of 1.39.
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.
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