Booking Holdings Inc. (NASDAQ:BKNG) is Ninety One North America Inc.’s 7th Largest Position

Ninety One North America Inc. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 31.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,826 shares of the business services provider’s stock after selling 5,402 shares during the quarter. Booking accounts for about 3.6% of Ninety One North America Inc.’s holdings, making the stock its 7th largest position. Ninety One North America Inc.’s holdings in Booking were worth $58,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new position in Booking during the third quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the fourth quarter worth $25,000. West Financial Advisors LLC bought a new position in shares of Booking in the third quarter worth $29,000. Finally, Valley National Advisers Inc. boosted its holdings in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $4,689.84 on Tuesday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a market capitalization of $155.23 billion, a P/E ratio of 31.69, a PEG ratio of 1.62 and a beta of 1.39. The company’s fifty day moving average is $4,992.18 and its two-hundred day moving average is $4,436.74.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. B. Riley lifted their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.