abrdn plc Has $77.17 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

abrdn plc lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,475 shares of the business services provider’s stock after selling 924 shares during the quarter. abrdn plc’s holdings in Booking were worth $77,171,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BKNG. Icon Wealth Advisors LLC raised its stake in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Booking during the third quarter valued at $5,322,600,000. Empirical Asset Management LLC acquired a new position in Booking during the fourth quarter valued at $207,089,000. Harvard Management Co. Inc. purchased a new stake in Booking in the 3rd quarter worth about $155,427,000. Finally, Claro Advisors LLC boosted its position in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after acquiring an additional 15,002 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Piper Sandler boosted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial boosted their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Ten 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Down 0.3 %

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

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.