Keybank National Association OH Trims Stake in Booking Holdings Inc. $BKNG

Keybank National Association OH cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,921 shares of the business services provider’s stock after selling 314 shares during the quarter. Keybank National Association OH’s holdings in Booking were worth $58,965,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BKNG. Westside Investment Management Inc. raised its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in Booking by 150.0% in the third 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. Barnes Dennig Private Wealth Management LLC increased its stake in Booking by 100.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the period. Davis Capital Management acquired a new stake in shares of Booking during the third quarter worth about $32,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Booking during the second quarter worth about $41,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the completion of the transaction, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total value of $80,430.00. Following the completion of the transaction, the director owned 702 shares of the company’s stock, valued at approximately $3,764,124. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,324 shares of company stock valued at $17,190,323. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 2.2%

Shares of NASDAQ BKNG opened at $5,001.84 on Friday. The stock has a market capitalization of $161.21 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The firm has a 50-day moving average price of $5,227.65 and a 200 day moving average price of $5,318.23.

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

Analyst Ratings Changes

BKNG has been the subject of several analyst reports. Mizuho set a $6,000.00 price objective on Booking in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research note on Monday, December 29th. DA Davidson lifted their price objective on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Finally, Truist Financial set a $5,810.00 target price on shares of Booking in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6,205.88.

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.