Robertson Stephens Wealth Management LLC Reduces Stake in Booking Holdings Inc.

Robertson Stephens Wealth Management LLC has decreased its investment in Booking Holdings Inc. (NASDAQ:BKNG) by 38.2% during the fourth quarter, as revealed in the firm’s latest Form 13F filed with the Securities and Exchange Commission. This means that the firm is now holding 248 shares of Booking after selling 153 shares within the quarter. The value of Robertson Stephens Wealth Management LLC's holdings in Booking reached approximately $1,233,000 according to the most recent SEC filing.

Institutional Investors' Actions

Other institutional investors and hedge funds have also modified their stakes in Booking. For instance, Jamison Private Wealth Management Inc. initiated a new position in Booking during the third quarter worth about $25,000. Similarly, AEGON ASSET MANAGEMENT UK Plc and New Wave Wealth Advisors LLC both acquired new stakes in the fourth quarter, each valued at around $25,000. West Financial Advisors LLC also entered a new position in the third quarter valued at approximately $29,000. Additionally, Valley National Advisers Inc. significantly increased its holdings in Booking by 600.0% in the fourth quarter, owning 7 shares now worth $36,000 after acquiring an additional 6 shares. Notably, institutional investors currently account for 92.42% of Booking's shares.

Analyst Ratings and Price Target Changes

Several analysts covering Booking Holdings have issued reports forecasting growth. The Royal Bank of Canada raised its target price from $3,900.00 to $5,250.00 and has assigned the stock an "outperform" rating. Baird R W upgraded Booking to a "strong-buy" rating, while Tigress Financial increased its target price from $4,580.00 to $5,600.00 with a similar "strong-buy" rating. On the other hand, Argus downgraded Booking from a "strong-buy" to a "hold" rating in a separate report. Mizuho has also lifted its target price for Booking from $5,400.00 to $6,000.00 and maintained an "outperform" rating. As per MarketBeat.com, there are ten analysts rating the stock as a hold, twenty-one recommending buy, and two giving a strong buy rating. The overall consensus rating stands at "Moderate Buy" with a consensus target price of $5,044.43.

Current Stock Performance

The stock of Booking Holdings opened at $4,779.71 on Friday, boasting a market cap of $158.21 billion. It currently has a price-to-earnings ratio of 32.43 and a PEG ratio of 1.62, along with a beta of 1.39. Over the past year, the stock has recorded a low of $3,180.00 and a high of $5,337.24. Its fifty-day moving average is positioned at $4,962.67, and the two-hundred-day average stands at $4,448.89.

About Booking Holdings Inc.

Booking Holdings Inc., formerly known as The Priceline Group Inc., provides online reservations for travel and restaurant services. The company connects consumers with providers of various travel services worldwide through its online platforms, which include Booking.com, priceline.com, and agoda.com. Customers can make a wide range of accommodation reservations, including hotels, hostels, vacation rentals, and more.

Investment, Stocks, Booking