Fielder Capital Group LLC Has $313,000 Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Fielder Capital Group LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 38.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 68 shares of the business services provider’s stock after purchasing an additional 19 shares during the quarter. Fielder Capital Group LLC’s holdings in Booking were worth $313,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. bought a new stake in Booking in the fourth quarter worth approximately $30,000. Kapitalo Investimentos Ltda bought a new stake in Booking in the fourth quarter worth approximately $40,000. Alpine Bank Wealth Management bought a new stake in Booking in the first quarter worth approximately $41,000. Finally, North Capital Inc. bought a new stake in Booking in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the completion of the sale, the chief executive officer owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 3,039 shares of company stock worth $16,963,769. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 0.3%

Shares of Booking stock opened at $5,632.27 on Monday. The stock has a market capitalization of $183.27 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. The company has a 50-day simple moving average of $5,546.48 and a 200 day simple moving average of $5,051.15. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $20.39 EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a report on Monday, April 28th. Barclays reaffirmed an “overweight” rating and set a $5,700.00 price objective (up from $5,600.00) on shares of Booking in a report on Wednesday, July 16th. B. Riley upped their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Finally, BMO Capital Markets upped their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5,454.26.

Booking 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.