Gladstone Institutional Advisory LLC Sells 207 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Gladstone Institutional Advisory LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 511 shares of the business services provider’s stock after selling 207 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Booking were worth $2,539,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter worth about $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 2.5 %

Booking stock opened at $5,018.11 on Thursday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company’s 50 day moving average price is $4,934.95 and its two-hundred day moving average price is $4,483.62. The stock has a market cap of $166.10 billion, a P/E 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 issued reports on BKNG. UBS Group upped their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush raised 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 note on Monday, January 6th. Finally, Truist Financial lifted 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. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking currently 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.