Handelsbanken Fonder AB Has $154.43 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Handelsbanken Fonder AB cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,082 shares of the business services provider’s stock after selling 126 shares during the quarter. Booking makes up 0.6% of Handelsbanken Fonder AB’s holdings, making the stock its 23rd biggest holding. Handelsbanken Fonder AB owned approximately 0.09% of Booking worth $154,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC bought a new stake in shares of Booking during the third quarter worth $203,000. Ledyard National Bank bought a new position in Booking during the 3rd quarter worth $265,000. Foundations Investment Advisors LLC lifted its holdings in Booking by 7.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 436 shares of the business services provider’s stock worth $1,837,000 after buying an additional 32 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Booking by 1.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 752 shares of the business services provider’s stock valued at $3,169,000 after buying an additional 8 shares during the last quarter. Finally, Eastern Bank increased its stake in shares of Booking by 82.4% in the third quarter. Eastern Bank now owns 124 shares of the business services provider’s stock valued at $522,000 after buying an additional 56 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,110.60 on Thursday. The firm has a fifty day moving average of $4,913.12 and a 200 day moving average of $4,537.47. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $169.16 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 1.78 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial lifted their price objective on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group increased their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Company 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.