AEGON ASSET MANAGEMENT UK Plc Has $25.13 Million Position in Booking Holdings Inc. $BKNG

AEGON ASSET MANAGEMENT UK Plc raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 28.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,660 shares of the business services provider’s stock after buying an additional 1,026 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Booking were worth $25,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC increased its position in Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares during the period. Westside Investment Management Inc. lifted its position in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the period. Davis Capital Management bought a new stake in shares of Booking in the 3rd quarter valued at $32,000. Barnes Dennig Private Wealth Management LLC increased 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 buying an additional 3 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Booking during the second quarter worth $41,000. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BKNG shares. B. Riley boosted their target price on shares of Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 price objective on Booking in a research note on Wednesday, October 29th. TD Cowen restated a “buy” rating on shares of Booking in a research report on Wednesday, December 3rd. Wells Fargo & Company raised their target price on Booking from $5,523.00 to $5,954.00 and gave the stock an “equal weight” rating in a research note on Friday, January 9th. Finally, Rothschild & Co Redburn lifted their target price on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6,209.94.

Insider Activity

In related news, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the sale, the director directly owned 960 shares in the company, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 953 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 19,615 shares in the company, 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. Insiders sold 3,324 shares of company stock worth $17,190,323 in the last quarter. 0.16% of the stock is owned by corporate insiders.

Booking Trading Down 1.0%

BKNG opened at $5,098.50 on Monday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a market cap of $164.32 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.11 and a beta of 1.23. The company’s fifty day moving average price is $5,191.00 and its two-hundred day moving average price is $5,334.97.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the previous year, the firm earned $83.39 earnings per share. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts forecast 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.