Sound Income Strategies LLC Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Sound Income Strategies LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) by 528.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 44 shares of the business services provider’s stock after acquiring an additional 37 shares during the period. Sound Income Strategies LLC’s holdings in Booking were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Platform Technology Partners purchased a new stake in Booking during the fourth quarter valued at $230,000. Glassy Mountain Advisors Inc. purchased a new stake in Booking during the fourth quarter valued at $3,851,000. American National Bank raised its stake in Booking by 553.8% during the fourth quarter. American National Bank now owns 85 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 72 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Booking in the fourth quarter valued at $1,034,000. Finally, Thomasville National Bank raised its stake in shares of Booking by 2.2% in the fourth quarter. Thomasville National Bank now owns 10,967 shares of the business services provider’s stock valued at $22,102,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BKNG shares. Oppenheimer increased their target price on shares of Booking from $2,550.00 to $2,850.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. increased their target price on shares of Booking from $2,675.00 to $2,850.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. UBS Group increased their target price on shares of Booking from $2,785.00 to $2,900.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Piper Sandler increased their target price on shares of Booking from $2,050.00 to $2,524.00 and gave the company a “neutral” rating in a research note on Friday, February 24th. Finally, Barclays increased their target price on shares of Booking from $2,550.00 to $2,585.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $2,675.16.

Booking Stock Up 0.0 %

Shares of Booking stock opened at $2,440.85 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.86 and a quick ratio of 1.86. Booking Holdings Inc. has a 1 year low of $1,616.85 and a 1 year high of $2,630.00. The firm’s 50-day moving average is $2,432.29 and its two-hundred day moving average is $2,081.93. The stock has a market cap of $91.90 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.15 and a beta of 1.31.

Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, beating analysts’ consensus estimates of $20.97 by $3.77. Booking had a net margin of 17.89% and a return on equity of 107.86%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the business earned $15.83 EPS. The company’s revenue was up 35.8% compared to the same quarter last year. As a group, research analysts expect that Booking Holdings Inc. will post 127.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $80,426.85. Following the sale, the director now directly owns 723 shares in the company, valued at approximately $1,661,388.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Glenn D. Fogel sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $2,320.41, for a total value of $3,248,574.00. Following the sale, the chief executive officer now directly owns 43,804 shares in the company, valued at approximately $101,643,239.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total transaction of $80,426.85. Following the completion of the transaction, the director now directly owns 723 shares of the company’s stock, valued at $1,661,388.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,098 shares of company stock worth $7,278,014. Corporate insiders own 0.13% of the company’s stock.

Booking Company Profile

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Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.