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

Lbp Am Sa increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 22.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,782 shares of the business services provider’s stock after purchasing an additional 518 shares during the quarter. Lbp Am Sa’s holdings in Booking were worth $15,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in 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 buying an additional 4 shares during the period. Halbert Hargrove Global Advisors LLC grew 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 valued at $27,000 after acquiring an additional 3 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its stake in shares of 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 acquiring an additional 3 shares in the last quarter. Davis Capital Management bought a new position in Booking during the third quarter worth about $32,000. Finally, Howard Hughes Medical Institute bought a new position in Booking during the second quarter worth about $41,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 1.0%

Shares of Booking stock opened at $5,098.50 on Monday. The firm’s 50 day moving average is $5,191.00 and its 200 day moving average is $5,334.97. The firm has a market capitalization of $164.32 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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 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. The business had revenue of $9.01 billion during 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 firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $83.39 EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paulo Pisano sold 200 shares of the 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 transaction of $1,000,000.00. Following the sale, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. This represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Robert W. Baird set a $6,325.00 price objective on shares of Booking in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 price target on shares of Booking in a research report on Wednesday, October 29th. TD Cowen reiterated a “buy” rating on shares of Booking in a research note on Wednesday, December 3rd. KeyCorp raised their price objective on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Gordon Haskett lifted their price objective on Booking from $5,620.00 to $5,710.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6,209.94.

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.