Castellan Group Has $7.28 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Castellan Group trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,466 shares of the business services provider’s stock after selling 14 shares during the quarter. Booking accounts for about 3.2% of Castellan Group’s investment portfolio, making the stock its 8th biggest position. Castellan Group’s holdings in Booking were worth $7,284,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. bought a new stake in Booking during the 3rd quarter valued at about $25,000. Valley National Advisers Inc. increased 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 purchasing an additional 6 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Up 2.5 %

BKNG opened at $5,018.11 on Thursday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.65 and a beta of 1.39. The company’s 50 day moving average is $4,934.95 and its 200 day moving average is $4,483.62.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Mizuho raised their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Truist Financial raised their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, Tigress Financial raised their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Ten investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target 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.