Asset Dedication LLC Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Asset Dedication LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25 shares of the business services provider’s stock after selling 3 shares during the period. Asset Dedication LLC’s holdings in Booking were worth $124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. bought a new position in Booking during the third quarter worth about $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the 4th quarter valued at approximately $25,000. West Financial Advisors LLC bought a new position in Booking in the 3rd quarter worth approximately $29,000. Addison Advisors LLC grew its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG opened at $4,774.33 on Friday. The stock’s 50 day simple moving average is $5,009.47 and its 200 day simple moving average is $4,424.49. The firm has a market cap of $158.03 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.57 and a beta of 1.41. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Analysts Set New Price Targets

BKNG has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Tigress Financial raised their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. DA Davidson raised their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Mizuho upped their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.