Ninety One UK Ltd Sells 87,348 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Ninety One UK Ltd cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 28.5% in the 4th quarter, Holdings Channel reports. The fund owned 218,839 shares of the business services provider’s stock after selling 87,348 shares during the period. Booking accounts for about 2.9% of Ninety One UK Ltd’s investment portfolio, making the stock its 8th biggest position. Ninety One UK Ltd’s holdings in Booking were worth $1,087,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $25,000. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the third quarter valued at $25,000. West Financial Advisors LLC acquired a new stake in Booking in the third quarter valued at $29,000. Finally, Valley National Advisers Inc. boosted its stake in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 0.3 %

Shares of BKNG opened at $4,678.94 on Wednesday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $154.87 billion, a PE ratio of 31.75, a P/E/G ratio of 1.62 and a beta of 1.39. The firm has a 50-day moving average price of $4,983.86 and a 200 day moving average price of $4,442.11.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson boosted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Mizuho upped their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Tigress Financial lifted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Ten equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Company 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.