Booking Holdings Inc. $BKNG Stock: Vise Technologies Inc. Increases Holdings

Vise Technologies Inc. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,436 shares of the business services provider’s stock after buying an additional 4,011 shares during the quarter. Vise Technologies Inc.’s holdings in Booking were worth $6,262,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Cidel Asset Management Inc. increased its holdings in shares of Booking by 8.6% in the third quarter. Cidel Asset Management Inc. now owns 3,669 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 292 shares during the period. Summit Global Investments raised its stake in shares of Booking by 21.7% during the third quarter. Summit Global Investments now owns 13,019 shares of the business services provider’s stock worth $2,121,000 after purchasing an additional 2,318 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Booking by 4.7% during the third quarter. MGO One Seven LLC now owns 28,194 shares of the business services provider’s stock worth $4,593,000 after purchasing an additional 1,268 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Booking by 4.4% during the third quarter. Greatmark Investment Partners Inc. now owns 65,980 shares of the business services provider’s stock worth $10,749,000 after purchasing an additional 2,805 shares during the period. Finally, Americana Partners LLC lifted its holdings in shares of Booking by 1,359.6% during the third quarter. Americana Partners LLC now owns 41,364 shares of the business services provider’s stock worth $6,739,000 after purchasing an additional 38,530 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BKNG shares. Weiss Ratings lowered shares of Booking from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Rosenblatt Securities began coverage on shares of Booking in a research note on Tuesday, September 1st. They issued a “buy” rating and a $245.00 price objective on the stock. Susquehanna restated a “positive” rating and set a $240.00 price objective on shares of Booking in a research report on Thursday, August 6th. Evercore restated an “outperform” rating and issued a $270.00 target price on shares of Booking in a research note on Monday, August 24th. Finally, UBS Group lifted their target price on shares of Booking from $266.00 to $274.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.07.

Insider Transactions at Booking

In other Booking news, Director Vanessa Wittman sold 375 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $211.00, for a total transaction of $79,125.00. Following the sale, the director directly owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 14,000 shares in the company, valued at approximately $2,800,000. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 78,425 shares of company stock valued at $16,210,864 in the last three months. Insiders own 0.17% of the company’s stock.

Booking Trading Up 3.8%

Shares of BKNG stock opened at $153.75 on Tuesday. The stock has a 50 day simple moving average of $170.14 and a 200-day simple moving average of $176.96. The company has a market cap of $115.52 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. Booking Holdings Inc. has a 12-month low of $146.28 and a 12-month high of $220.81.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the business earned $55.40 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.

Booking Company Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.