Castellan Group Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Castellan Group lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,466 shares of the business services provider’s stock after selling 14 shares during the period. Booking makes up about 3.2% of Castellan Group’s holdings, making the stock its 8th biggest position. Castellan Group’s holdings in Booking were worth $7,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hemington Wealth Management increased its holdings in Booking by 6.5% during the 4th quarter. Hemington Wealth Management now owns 49 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3 shares during the period. Van ECK Associates Corp increased its holdings in shares of Booking by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 963 shares of the business services provider’s stock worth $4,785,000 after buying an additional 31 shares during the last quarter. Channing Global Advisors LLC increased its holdings in shares of Booking by 42.8% in the 4th quarter. Channing Global Advisors LLC now owns 444 shares of the business services provider’s stock worth $2,206,000 after buying an additional 133 shares during the last quarter. GEM Asset Management LLC bought a new position in shares of Booking in the 4th quarter worth $209,000. Finally, Avidian Wealth Enterprises LLC increased its holdings in shares of Booking by 9.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 70 shares of the business services provider’s stock worth $350,000 after buying an additional 6 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 2.5 %

NASDAQ:BKNG opened at $5,018.11 on Thursday. The company has a 50-day moving average price of $4,934.95 and a 200-day moving average price of $4,483.62. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.65 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKNG. Truist Financial increased their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Tigress Financial upped their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Ten research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,044.43.

Booking 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.