Mediolanum International Funds Ltd Buys 1,004 Shares of Booking Holdings Inc. $BKNG

Mediolanum International Funds Ltd lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 26.3% during the third quarter, HoldingsChannel.com reports. The fund owned 4,821 shares of the business services provider’s stock after purchasing an additional 1,004 shares during the period. Mediolanum International Funds Ltd’s holdings in Booking were worth $26,298,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after buying an additional 3 shares during the period. Westside Investment Management Inc. grew its stake in Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Davis Capital Management bought a new stake in shares of Booking in the third quarter worth about $32,000. Oakworth Capital Inc. raised its position in shares of Booking by 50.0% during the third quarter. Oakworth Capital Inc. now owns 6 shares of the business services provider’s stock worth $32,000 after purchasing an additional 2 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Booking by 100.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BKNG shares. BTIG Research reissued a “buy” rating and set a $6,250.00 target price on shares of Booking in a research note on Tuesday, December 23rd. HSBC upped their price target on shares of Booking from $7,447.00 to $7,656.00 and gave the company a “buy” rating in a report on Friday, January 9th. Barclays raised their price objective on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. DA Davidson upped their target price on shares of Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $6,325.00 target price on Booking in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6,205.88.

Booking Trading Down 2.2%

Booking stock opened at $5,001.84 on Friday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a fifty day simple moving average of $5,227.65 and a 200 day simple moving average of $5,315.73. The company has a market cap of $161.21 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 200 shares of the 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 transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,324 shares of company stock worth $17,190,323 over the last 90 days. 0.16% of the stock is currently owned by insiders.

About Booking

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.