Motley Fool Asset Management LLC Purchases 130 Shares of Booking Holdings Inc. $BKNG

Motley Fool Asset Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657 shares of the business services provider’s stock after purchasing an additional 130 shares during the period. Motley Fool Asset Management LLC’s holdings in Booking were worth $9,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Booking in the second quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at about $28,000. O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the second quarter valued at about $35,000. First PREMIER Bank increased its position in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new stake in shares of Booking in the first quarter valued at about $32,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by insiders.

Booking Stock Up 2.1%

Shares of NASDAQ BKNG opened at $5,254.40 on Tuesday. The business’s 50 day moving average price is $5,427.23 and its two-hundred day moving average price is $5,378.47. The company has a market cap of $170.30 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the business earned $41.90 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent research reports. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Truist Financial raised Booking from a “hold” rating to a “buy” rating and lifted their target price for the company from $5,630.00 to $5,750.00 in a research report on Monday. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6,014.85.

About Booking

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.