Kingswood Wealth Advisors LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Kingswood Wealth Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143 shares of the business services provider’s stock after selling 53 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Booking were worth $710,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 11,211 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 valued at $2,073,508,000 after purchasing an additional 2,321 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Booking by 3.3% in 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 boosted its stake in Booking by 4.1% during the 3rd 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 worth $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its holdings in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $4,721.86 on Thursday. The stock has a 50-day simple moving average of $5,015.36 and a 200-day simple moving average of $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 stock has a market capitalization of $156.29 billion, a PE ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.41.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. 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 research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna increased their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. B. Riley boosted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Ten equities 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. According to data from MarketBeat.com, the company currently has a consensus 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.