Mutual of America Capital Management LLC Has $22.45 Million Stock Holdings in Booking Holdings Inc. $BKNG

Mutual of America Capital Management LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,158 shares of the business services provider’s stock after selling 193 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Booking were worth $22,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Booking in the 2nd quarter valued at approximately $2,210,917,000. Laurel Wealth Advisors LLC raised its stake in Booking by 578,824.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after purchasing an additional 289,412 shares during the period. Vestor Capital LLC lifted its holdings in shares of Booking by 658,925.0% in the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after purchasing an additional 105,428 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Booking in the second quarter worth $536,675,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Booking during the third quarter valued at $468,252,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKNG. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Tuesday, December 23rd. B. Riley increased their price target on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Truist Financial set a $5,810.00 price target on shares of Booking in a report on Wednesday, October 29th. UBS Group set a $6,806.00 price objective on Booking and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group decreased their price target on shares of Booking from $5,800.00 to $5,600.00 and set a “hold” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $6,209.94.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,324 shares of company stock worth $17,190,323. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Down 1.0%

BKNG opened at $5,098.50 on Monday. The stock has a market cap of $164.32 billion, a P/E ratio of 33.14, a P/E/G ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The company has a fifty day simple moving average of $5,191.00 and a 200 day simple moving average of $5,334.97.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $83.39 earnings per share. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Profile

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.