Robertson Stephens Wealth Management LLC Sells 153 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Robertson Stephens Wealth Management LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248 shares of the business services provider’s stock after selling 153 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Booking were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new position in Booking in the third quarter valued at about $25,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking in the fourth quarter valued at approximately $25,000. West Financial Advisors LLC purchased a new stake in Booking in the third quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. lifted 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 acquiring an additional 6 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Baird R W raised Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Tigress Financial lifted their target price on 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. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Mizuho lifted their target price on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Trading Up 1.7 %

BKNG opened at $4,779.71 on Friday. The stock has a market cap of $158.21 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.62 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a fifty day moving average price of $4,962.67 and a 200 day moving average price of $4,448.89.

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.