Trek Financial LLC Has $275,000 Stock Position in Booking Holdings Inc. $BKNG

Trek Financial LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 92.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51 shares of the business services provider’s stock after selling 623 shares during the quarter. Trek Financial LLC’s holdings in Booking were worth $275,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its holdings in Booking by 15.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Booking by 67.3% in the second quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock valued at $174,893,000 after buying an additional 12,148 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in Booking by 339.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock worth $974,000 after buying an additional 139 shares in the last quarter. Finally, Covey Capital Advisors LLC grew its position in Booking by 1.0% during the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after buying an additional 11 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were 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 trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the sale, the chief executive officer directly owned 19,615 shares in the company, valued at $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,324 shares of company stock worth $17,190,323. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BKNG shares. KeyCorp upped their target price on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald increased their price objective on shares of Booking from $5,550.00 to $5,830.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Rothschild & Co Redburn raised their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seaport Research Partners upped their price target on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6,209.94.

Booking Price Performance

BKNG stock opened at $5,098.50 on Monday. The stock has a market cap of $164.32 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a 50 day simple moving average of $5,191.00 and a 200 day simple moving average of $5,334.97. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

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

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.