Booking Holdings Inc. (NASDAQ:BKNG) is Ninety One UK Ltd’s 8th Largest Position

Ninety One UK Ltd lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 28.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,839 shares of the business services provider’s stock after selling 87,348 shares during the quarter. Booking accounts for about 2.9% of Ninety One UK Ltd’s holdings, making the stock its 8th biggest position. Ninety One UK Ltd owned approximately 0.66% of Booking worth $1,087,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKNG. Geode Capital Management LLC grew its holdings in Booking by 1.4% during the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC boosted its holdings in Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Booking by 3.3% during 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 acquiring an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Booking by 4.1% during the 3rd 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 grew 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 period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $4,678.94 on Wednesday. The business’s 50-day moving average is $4,983.86 and its two-hundred day moving average is $4,442.11. The firm has a market capitalization of $154.87 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Tigress Financial boosted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Truist Financial increased their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. DA Davidson lifted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush increased their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Ten investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.