Harel Insurance Investments & Financial Services Ltd. Increases Stake in Booking Holdings Inc. $BKNG

Harel Insurance Investments & Financial Services Ltd. lifted its position in Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 342 shares of the business services provider’s stock after acquiring an additional 101 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booking were worth $1,841,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its stake in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after buying an additional 3 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Davis Capital Management bought a new position in Booking in the 3rd quarter valued at $32,000. First PREMIER Bank increased its stake in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the completion of the sale, the director owned 702 shares of the company’s stock, valued at $3,764,124. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction that occurred 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 approximately $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,324 shares of company stock valued at $17,190,323. Company insiders own 0.16% of the company’s stock.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

Booking Stock Performance

NASDAQ BKNG opened at $5,115.91 on Monday. The company has a market cap of $164.89 billion, a PE ratio of 33.25, a P/E/G ratio of 1.11 and a beta of 1.23. The firm’s 50 day moving average price is $5,186.05 and its 200-day moving average price is $5,356.71. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were issued a $9.60 dividend. The ex-dividend date was Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research analyst reports. Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price target on the stock in a report on Monday, November 24th. Rothschild & Co Redburn boosted their price objective on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price on the stock in a research report on Thursday, November 13th. BNP Paribas set a $6,100.00 price target on Booking in a report on Monday, November 24th. Finally, Barclays increased their price objective on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6,225.56.

Check Out Our Latest Research Report on BKNG

About Booking

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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