Glenn D. Fogel Sells 1,400 Shares of Booking Holdings Inc. (NASDAQ:BKNG) Stock

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) CEO Glenn D. Fogel sold 1,400 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 43,804 shares in the company, valued at $101,643,239.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Booking Trading Up 1.2 %

Booking stock opened at $2,344.29 on Friday. The business has a 50 day moving average price of $2,060.32 and a two-hundred day moving average price of $1,924.29. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.36. The stock has a market cap of $90.93 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. Booking Holdings Inc. has a 12 month low of $1,616.85 and a 12 month high of $2,715.66.

Booking (NASDAQ:BKNG – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $53.03 EPS for the quarter, beating the consensus estimate of $49.40 by $3.63. Booking had a return on equity of 81.11% and a net margin of 15.23%. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the prior year, the firm posted $37.70 EPS. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. As a group, equities analysts forecast that Booking Holdings Inc. will post 95.72 EPS for the current year.

Hedge Funds Weigh In On Booking

A number of hedge funds have recently modified their holdings of the stock. Veriti Management LLC raised its holdings in shares of Booking by 1.4% in the 4th quarter. Veriti Management LLC now owns 778 shares of the business services provider’s stock worth $1,568,000 after buying an additional 11 shares in the last quarter. Golden Green Inc. acquired a new position in shares of Booking in the 4th quarter worth approximately $238,000. Sather Financial Group Inc acquired a new position in shares of Booking in the 4th quarter worth approximately $204,000. HB Wealth Management LLC increased its holdings in Booking by 61.7% during the 4th quarter. HB Wealth Management LLC now owns 270 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 103 shares in the last quarter. Finally, Troy Asset Management Ltd increased its holdings in Booking by 19.6% during the 4th quarter. Troy Asset Management Ltd now owns 8,949 shares of the business services provider’s stock valued at $18,035,000 after purchasing an additional 1,466 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on BKNG shares. Wolfe Research lowered Booking from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, December 7th. JPMorgan Chase & Co. upped their price target on Booking from $2,300.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 3rd. Barclays boosted their target price on Booking from $2,370.00 to $2,430.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd. Morgan Stanley boosted their target price on Booking from $2,150.00 to $2,300.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JMP Securities lowered their target price on Booking from $2,300.00 to $2,250.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 20th. Nine analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,434.46.

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.