Louisiana State Employees Retirement System Has $20.87 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Louisiana State Employees Retirement System cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the business services provider’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Booking were worth $20,867,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Leavell Investment Management Inc. grew its stake in Booking by 0.7% in the fourth quarter. Leavell Investment Management Inc. now owns 677 shares of the business services provider’s stock valued at $3,364,000 after acquiring an additional 5 shares during the period. Quent Capital LLC lifted its holdings in shares of Booking by 31.0% in the 4th quarter. Quent Capital LLC now owns 148 shares of the business services provider’s stock worth $736,000 after purchasing an additional 35 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Booking in the 4th quarter valued at $253,000. Core Alternative Capital increased its stake in Booking by 3.0% during the 4th quarter. Core Alternative Capital now owns 171 shares of the business services provider’s stock valued at $850,000 after purchasing an additional 5 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Booking by 20.1% during the fourth quarter. Summit Trail Advisors LLC now owns 1,131 shares of the business services provider’s stock worth $5,618,000 after buying an additional 189 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BKNG shares. B. Riley lifted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company cut their price target on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays increased their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group upped their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Ten investment 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Down 0.3 %

Shares of NASDAQ:BKNG opened at $4,897.32 on Wednesday. The company has a 50-day moving average price of $4,941.29 and a two-hundred day moving average price of $4,475.19. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $162.10 billion, a PE ratio of 33.23, a P/E/G ratio of 1.65 and a beta of 1.39.

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.