Pier 88 Investment Partners LLC Has $270,000 Stock Holdings in Booking Holdings Inc. $BKNG

Pier 88 Investment Partners LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 97.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50 shares of the business services provider’s stock after selling 1,600 shares during the period. Pier 88 Investment Partners LLC’s holdings in Booking were worth $270,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the fourth quarter valued at about $209,000. Sivia Capital Partners LLC boosted its position in shares of Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after buying an additional 33 shares during the period. Dakota Wealth Management grew its holdings in shares of Booking by 35.6% during the second quarter. Dakota Wealth Management now owns 61 shares of the business services provider’s stock worth $353,000 after buying an additional 16 shares in the last quarter. Finally, ORG Partners LLC raised its position in Booking by 320.0% in the 2nd quarter. ORG Partners LLC now owns 21 shares of the business services provider’s stock valued at $120,000 after buying an additional 16 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Booking stock opened at $5,107.28 on Tuesday. The company’s 50-day moving average is $5,197.07 and its 200-day moving average is $5,330.67. The firm has a market capitalization of $164.61 billion, a PE ratio of 33.19, a P/E/G ratio of 1.11 and a beta of 1.23. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

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

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total value of $77,867.25. Following the transaction, the director directly owned 687 shares of the company’s stock, valued at $3,566,320.05. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 953 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total value of $4,937,817.02. Following the sale, the chief executive officer owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,324 shares of company stock worth $17,190,323. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research reports. BNP Paribas Exane set a $6,100.00 price target on shares of Booking in a research note on Monday, November 24th. Wall Street Zen raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Sunday, January 4th. Citigroup reissued a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Seaport Research Partners increased their price objective on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group lowered their target price on 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,209.94.

Booking Company 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.