Solidarity Wealth LLC Grows Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Solidarity Wealth LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 17.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,738 shares of the business services provider’s stock after purchasing an additional 255 shares during the period. Booking makes up about 2.0% of Solidarity Wealth LLC’s holdings, making the stock its 17th largest holding. Solidarity Wealth LLC’s holdings in Booking were worth $7,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. SteelPeak Wealth LLC raised its holdings in shares of Booking by 560.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,169 shares of the business services provider’s stock worth $4,924,000 after acquiring an additional 992 shares during the period. First Trust Direct Indexing L.P. raised its stake in Booking by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 1,216 shares of the business services provider’s stock worth $5,123,000 after purchasing an additional 134 shares during the period. Edge Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter valued at approximately $212,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Booking by 1.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock worth $1,258,000 after buying an additional 3 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in shares of Booking by 103.1% during the 3rd quarter. Mutual Advisors LLC now owns 390 shares of the business services provider’s stock valued at $1,693,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $4,463.93 on Thursday. The stock has a market capitalization of $149.63 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. The company has a fifty day moving average of $4,100.42 and a 200-day moving average of $3,866.59. Booking Holdings Inc. has a one year low of $2,756.13 and a one year high of $4,477.88.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $37.62 EPS. Equities analysts forecast that Booking Holdings Inc. will post 177.29 earnings per share for the current fiscal year.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BKNG shares. B. Riley cut their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Evercore ISI decreased their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, JMP Securities boosted their target price on Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $4,256.89.

Booking Company Profile

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.