State of Alaska Department of Revenue Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

State of Alaska Department of Revenue decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,776 shares of the business services provider’s stock after selling 165 shares during the quarter. State of Alaska Department of Revenue’s holdings in Booking were worth $18,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. purchased a new stake in Booking during the 3rd quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking during the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the fourth quarter worth about $25,000. West Financial Advisors LLC acquired a new position in shares of Booking in the third quarter worth about $29,000. Finally, Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 0.4 %

Shares of BKNG stock opened at $4,699.39 on Thursday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market cap of $155.55 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The business’s 50 day moving average is $4,973.14 and its two-hundred day moving average is $4,447.13.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Wells Fargo & Company cut their price target on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Citigroup raised their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.