Mediolanum International Funds Ltd Has $26.30 Million Stock Holdings in Booking Holdings Inc. $BKNG

Mediolanum International Funds Ltd raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 26.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,821 shares of the business services provider’s stock after purchasing an additional 1,004 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Booking were worth $26,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 3 shares during the period. Westside Investment Management Inc. increased its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares in the last quarter. Davis Capital Management acquired a new stake in shares of Booking during the 3rd quarter worth about $32,000. Oakworth Capital Inc. lifted its holdings in Booking by 50.0% during the 3rd quarter. Oakworth Capital Inc. now owns 6 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 2 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Booking by 100.0% in 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 in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 2.2%

BKNG stock opened at $5,001.84 on Friday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a market cap of $161.21 billion, a P/E ratio of 32.51, a PEG ratio of 1.10 and a beta of 1.23. The business has a fifty day moving average of $5,227.65 and a 200-day moving average of $5,315.73.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the completion of the sale, the director owned 702 shares in the company, valued at approximately $3,764,124. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,324 shares of company stock valued at $17,190,323. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKNG. Cantor Fitzgerald raised their price objective on shares of Booking from $5,550.00 to $5,830.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. HSBC increased their price target on Booking from $7,447.00 to $7,656.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Truist Financial set a $5,810.00 price objective on Booking in a research note on Wednesday, October 29th. Mizuho set a $6,000.00 target price on Booking in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6,205.88.

Booking Company 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.