ICICI Prudential Asset Management Co Ltd Reduces Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

ICICI Prudential Asset Management Co Ltd lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 430 shares of the business services provider’s stock after selling 7 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Booking were worth $2,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Booking by 1.4% during the 3rd 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 during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Booking by 0.5% during 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 acquiring an additional 2,321 shares during the last quarter. Fisher Asset Management LLC boosted 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 acquiring an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 valued at $1,249,311,000 after acquiring an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 233,052 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $5,141.88 on Wednesday. The company has a 50 day simple moving average of $4,916.77 and a two-hundred day simple moving average of $4,533.44. 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 cap of $170.20 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BKNG shares. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald lowered their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Mizuho increased their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Citigroup increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company 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.