Coronation Fund Managers Ltd. Has $2.95 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Coronation Fund Managers Ltd. trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 594 shares of the business services provider’s stock after selling 5,331 shares during the period. Coronation Fund Managers Ltd.’s holdings in Booking were worth $2,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Icon Wealth Advisors LLC lifted its holdings in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Booking in the third quarter valued at about $5,322,600,000. Empirical Asset Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $207,089,000. Harvard Management Co. Inc. bought a new stake in shares of Booking during the 3rd quarter worth about $155,427,000. Finally, Claro Advisors LLC grew its stake in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after buying an additional 15,002 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Up 2.3 %

Booking stock opened at $4,887.47 on Monday. The company has a market capitalization of $161.78 billion, a PE ratio of 33.16, a P/E/G ratio of 1.65 and a beta of 1.39. The stock has a 50-day moving average price of $4,947.51 and a two-hundred day moving average price of $4,461.75. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial raised their price objective 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. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Oppenheimer upped their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Piper Sandler upped their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. 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 company presently 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.