Swedbank AB Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Swedbank AB lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,501 shares of the business services provider’s stock after selling 1,924 shares during the quarter. Swedbank AB owned about 0.07% of Booking worth $116,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BKNG. Geode Capital Management LLC boosted its holdings in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC boosted its position in Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after buying an additional 11,649 shares during the period. Finally, Icon Wealth Advisors LLC raised its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG traded up $7.90 during midday trading on Wednesday, hitting $4,692.58. The company had a trading volume of 14,284 shares, compared to its average volume of 251,843. The company’s 50-day simple moving average is $5,015.36 and its 200-day simple moving average is $4,422.40. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market capitalization of $155.32 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.41.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Wedbush raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada upped their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus 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.