Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,978 shares of the business services provider’s stock after selling 1,645 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Booking were worth $206,836,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GEM Asset Management LLC purchased a new position in shares of Booking during the fourth quarter worth $209,000. Avidian Wealth Enterprises LLC grew its position in Booking by 9.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 70 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 6 shares in the last quarter. Great Lakes Retirement Inc. grew its position in Booking by 5.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 327 shares of the business services provider’s stock valued at $1,625,000 after acquiring an additional 17 shares in the last quarter. TFB Advisors LLC purchased a new stake in Booking during the fourth quarter worth about $209,000. Finally, Leavell Investment Management Inc. lifted its position in shares of Booking by 0.7% during the fourth quarter. Leavell Investment Management Inc. now owns 677 shares of the business services provider’s stock worth $3,364,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $4,897.32 on Wednesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a fifty day moving average price of $4,941.29 and a two-hundred day moving average price of $4,475.19. The stock has a market capitalization of $162.10 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.65 and a beta of 1.39.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. DA Davidson upped their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking 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.