California State Teachers Retirement System 13F: Cuts BKNG Stake by $6.5M

California State Teachers Retirement System Reduces Stake

California State Teachers Retirement System trimmed its position in Booking Holdings Inc. (BKNG) by 36,350 shares, a 2.76% decrease. This brings its total holdings to 1,279,650 shares, valued at about $228.1 million, as of May 18, 2026. This move reflects the fund's ongoing adjustments in its investment strategy.

Other Institutional Moves in Booking Holdings

In the same quarter, several other funds have been adjusting their positions in Booking Holdings. For instance, Foster Group sold out entirely, exiting its position with 1,219 shares. Meanwhile, Sequoia Financial Advisors increased its stake by 2.1%, now holding 32,925 shares. Voya Investment Management significantly raised its holdings by over 551%, while Hb Wealth Management boosted its stake by 3.94%. Notably, Bank of Montreal increased its stake by over 700,000 shares, showing a strong interest in the company.

How Booking Holdings Inc. Stock Has Traded

Booking Holdings is currently trading at $178.24. This price is notably lower than its recent 52-week high of $224.99. The stock has been under pressure, trading below its 50-day moving average of $192.78. Investors may want to monitor how this trend develops, especially given the recent institutional activity.

Analysts Set New Price Targets

Analysts are generally optimistic about Booking Holdings. On October 12, 2026, Cantor Fitzgerald maintained a 'Neutral' rating with a price target of $170. Wells Fargo also kept its 'Equal-Weight' rating with a target of $190. Meanwhile, Truist Securities maintained a 'Buy' rating, setting a target of $216. The consensus among analysts is a 'Buy' rating with a mean target price of $238.78, indicating confidence in the company's future performance despite the recent stock price drop.

What Booking Holdings Inc. Does

Booking Holdings Inc. operates in the travel services industry, providing a range of services from accommodation reservations to restaurant bookings. Its well-known brands include Booking.com and Priceline. This recent reduction by CalSTRS and other institutional moves may reflect broader market trends impacting the travel sector.

What’s Next for Booking Holdings

Looking ahead, investors will be watching for the next earnings report scheduled for October 27, 2026. The recent 13F filing from CalSTRS reflects its holdings as of May 18, 2026, and may not represent its current position. Monitoring further institutional activity could provide insights into the stock's trajectory as the earnings date approaches.