Townsquare Capital LLC Sells 175 Shares of Booking Holdings Inc. $BKNG

Townsquare Capital LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 894 shares of the business services provider’s stock after selling 175 shares during the quarter. Townsquare Capital LLC’s holdings in Booking were worth $4,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its stake 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 worth $29,000 after acquiring an additional 4 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Booking by 150.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after buying an additional 3 shares in the last quarter. 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 valued at $35,000 after buying an additional 3 shares during the last quarter. Davis Capital Management purchased a new stake in Booking during the 3rd quarter valued at $32,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Booking in the second quarter worth $41,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking News Summary

Here are the key news stories impacting Booking this week:

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the firm’s 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,324 shares of company stock valued at $17,190,323. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wedbush upgraded Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective for the company in a report on Thursday, November 13th. Seaport Research Partners lifted their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group reduced their price target on shares of Booking from $5,800.00 to $5,600.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 target price on shares of Booking in a report on Tuesday, December 23rd. Finally, Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price target on the stock in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6,205.88.

Get Our Latest Stock Analysis on Booking

Booking Stock Performance

Shares of Booking stock opened at $5,113.32 on Friday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company has a market capitalization of $164.80 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a fifty day moving average of $5,222.97 and a 200 day moving average of $5,323.54.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $83.39 earnings per share. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

About Booking

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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