Lbp Am Sa Buys 518 Shares of Booking Holdings Inc. $BKNG

Lbp Am Sa lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,782 shares of the business services provider’s stock after acquiring an additional 518 shares during the period. Lbp Am Sa’s holdings in Booking were worth $15,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKNG. Halbert Hargrove Global Advisors LLC increased its holdings in Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management acquired a new position in shares of Booking during the third quarter worth about $32,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in shares of Booking during the second quarter worth about $41,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Booking stock opened at $5,098.50 on Monday. The stock has a 50-day simple moving average of $5,191.00 and a 200 day simple moving average of $5,334.97. The stock has a market capitalization of $164.32 billion, a P/E ratio of 33.14, a PEG ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the firm posted $83.39 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKNG. BNP Paribas Exane set a $6,100.00 price target on Booking in a research report on Monday, November 24th. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research report on Tuesday, December 23rd. B. Riley increased their target price on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Cantor Fitzgerald raised their target price on shares of Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein cut their price target on shares of Booking from $5,433.00 to $5,407.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,209.94.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the completion of the transaction, the director owned 687 shares in the company, valued at approximately $3,566,320.05. This represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,324 shares of company stock valued at $17,190,323 in the last ninety days. Insiders own 0.16% of the company’s stock.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.