Louisiana State Employees Retirement System Sells 300 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Louisiana State Employees Retirement System lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the business services provider’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Booking were worth $20,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Garner Asset Management Corp grew its stake in Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 2 shares during the period. Optimist Retirement Group LLC boosted its holdings in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares in the last quarter. Procyon Advisors LLC grew its position in shares of Booking by 1.1% in the 3rd quarter. Procyon Advisors LLC now owns 266 shares of the business services provider’s stock worth $1,121,000 after buying an additional 3 shares during the period. ERTS Wealth Advisors LLC increased its stake in shares of Booking by 2.7% in the 3rd quarter. ERTS Wealth Advisors LLC now owns 115 shares of the business services provider’s stock worth $484,000 after acquiring an additional 3 shares in the last quarter. Finally, Compass Ion Advisors LLC lifted its position in Booking by 1.3% during the 3rd quarter. Compass Ion Advisors LLC now owns 243 shares of the business services provider’s stock valued at $1,024,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. B. Riley upped their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald lowered their price objective on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Wedbush boosted their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Piper Sandler raised their price target on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Performance

Booking stock opened at $4,897.32 on Wednesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a fifty day moving average of $4,941.29 and a 200 day moving average of $4,475.19. The stock has a market cap of $162.10 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.39.

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.