Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Allen Capital Group LLC

Allen Capital Group LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 477 shares of the business services provider’s stock after selling 66 shares during the period. Allen Capital Group LLC’s holdings in Booking were worth $2,370,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ascent Group LLC boosted its holdings in Booking by 22.4% in the second quarter. Ascent Group LLC now owns 153 shares of the business services provider’s stock worth $606,000 after purchasing an additional 28 shares in the last quarter. Algert Global LLC boosted its stake in shares of Booking by 34.5% during the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after acquiring an additional 30 shares in the last quarter. Creative Planning boosted its stake in shares of Booking by 17.3% during the 2nd quarter. Creative Planning now owns 4,396 shares of the business services provider’s stock worth $17,414,000 after acquiring an additional 649 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Booking by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,032 shares of the business services provider’s stock valued at $8,050,000 after acquiring an additional 130 shares during the last quarter. Finally, Invst LLC bought a new position in shares of Booking in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BKNG shares. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Ten 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Up 0.4 %

Shares of BKNG stock opened at $4,692.40 on Wednesday. The stock’s fifty day simple moving average is $5,015.36 and its 200 day simple moving average is $4,422.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization 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 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.