Baird Elevates Booking Holdings with Outperform Rating
On November 27, 2024, Baird began coverage of Booking Holdings (SNSE:BKNG), giving it an Outperform rating, reflecting positive market expectations for the company.
Fund Sentiment: A Closer Look
Currently, 2,945 funds and institutions report positions in Booking Holdings. This represents an increase of 47 funds, or 1.62%, over the last quarter. The average portfolio weight for all funds invested in BKNG has risen by 13.59% to 0.54%. However, total institutional shares owned dropped by 3.65% in the past three months, totaling 35,142K shares.
BlackRock owns 2,408K shares, equating to 7.27% of the company. Previously, they held 2,414K shares, indicating a slight 0.24% decrease. Their overall portfolio allocation for BKNG declined by 1.62% in the last quarter.
Capital World Investors holds 1,252K shares, or 3.78% ownership, down from 1,500K shares, marking a significant 19.82% reduction and a 15.64% decrease in their allocation to BKNG.
The Vanguard Total Stock Market Index Fund (VTSMX) has 1,062K shares, representing 3.21% ownership. This is a minor decline from 1,071K shares, reflecting 0.86% less interest in BKNG.
Price T Rowe Associates currently holds 1,048K shares, which is a 3.17% ownership share. This is an increase from their previous 996K shares, but they still reduced their portfolio allocation in BKNG by 46.30% in the last quarter.
JPMorgan Chase owns 926K shares, translating to 2.80% ownership. They reported a decrease from 1,042K shares, indicating a 12.58% decline and a drastic reduction in their allocation by 94.10% over the previous quarter.
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This article was originally published by Fintel.
The views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.
