Allen Capital Group LLC Sells 66 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Allen Capital Group LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 477 shares of the business services provider’s stock after selling 66 shares during the quarter. Allen Capital Group LLC’s holdings in Booking were worth $2,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after buying an additional 2,321 shares during the period. Fisher Asset Management LLC increased its position in Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after buying an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Royal Bank of Canada lifted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Tigress Financial upped their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Finally, BMO Capital Markets upped their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,997.64.

Booking Price Performance

Shares of BKNG opened at $4,692.40 on Wednesday. The firm has a market cap of $155.32 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a 50 day simple moving average of $5,015.36 and a two-hundred day simple moving average of $4,422.40.

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.