GDS Wealth Management Lowers Position in Booking Holdings Inc. (NASDAQ:BKNG)

GDS Wealth Management reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 11.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86 shares of the business services provider’s stock after selling 11 shares during the quarter. GDS Wealth Management’s holdings in Booking were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the 3rd quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the 4th quarter valued at $25,000. West Financial Advisors LLC bought a new position in Booking in the 3rd quarter valued at $29,000. Finally, Valley National Advisers Inc. grew its stake in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ:BKNG opened at $4,692.90 on Tuesday. The business has a 50 day moving average of $4,992.18 and a 200 day moving average of $4,436.74. The company has a market capitalization of $155.33 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Mizuho upped their price objective on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $4,600.00 price target on shares of Booking in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded 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 assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price 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.