AlphaQuest LLC Purchases 196 Shares of Booking Holdings Inc. $BKNG

AlphaQuest LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 124.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354 shares of the business services provider’s stock after buying an additional 196 shares during the period. AlphaQuest LLC’s holdings in Booking were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% during the fourth 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 last quarter. Revolve Wealth Partners LLC bought a new stake in Booking during the 4th quarter worth about $209,000. Sivia Capital Partners LLC increased its position in Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after acquiring an additional 33 shares in the last quarter. Bouchey Financial Group Ltd bought a new position in shares of Booking in the second quarter worth about $208,000. Finally, Clearstead Trust LLC grew its stake in shares of Booking by 13.3% during the second quarter. Clearstead Trust LLC now owns 136 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of recent research reports. Cantor Fitzgerald increased their price objective on Booking from $5,550.00 to $5,830.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Monday, December 29th. HSBC lifted their price target on shares of Booking from $7,447.00 to $7,656.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Jefferies Financial Group reduced their price objective on shares of Booking from $5,800.00 to $5,600.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Finally, Wedbush upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price for the company in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,205.88.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction on Thursday, January 15th. The shares were 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 directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. The trade was a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the sale, the director directly owned 702 shares in the company, valued at $3,764,124. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,324 shares of company stock worth $17,190,323. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

BKNG stock opened at $5,001.84 on Friday. The stock has a market capitalization of $161.21 billion, a P/E ratio of 32.51, a P/E/G ratio of 1.10 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. The business has a 50-day moving average of $5,227.65 and a 200-day moving average of $5,318.23.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion for 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 business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $83.39 EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

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.