Donaldson Capital Management LLC Has $6.04 Million Holdings in Booking Holdings Inc. $BKNG

Donaldson Capital Management LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 59.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,119 shares of the business services provider’s stock after buying an additional 418 shares during the quarter. Donaldson Capital Management LLC’s holdings in Booking were worth $6,042,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of 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 in the last quarter. Westside Investment Management Inc. raised its position in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after buying an additional 4 shares during the period. Davis Capital Management purchased a new stake in Booking in the 3rd quarter worth about $32,000. Barnes Dennig Private Wealth Management LLC boosted its position in Booking by 100.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in Booking during the 2nd quarter valued at about $41,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKNG has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $5,920.00 price objective on shares of Booking in a research report on Tuesday. TD Cowen restated a “buy” rating on shares of Booking in a report on Wednesday, December 3rd. DA Davidson increased their price objective on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. B. Riley boosted their target price on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Truist Financial set a $5,810.00 target price on Booking in a research report on Wednesday, October 29th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6,205.88.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,324 shares of company stock worth $17,190,323. Insiders own 0.16% of the company’s stock.

Booking Price Performance

Booking stock opened at $5,001.84 on Friday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The company’s fifty day moving average price is $5,227.65 and its two-hundred day moving average price is $5,315.73. The company has a market capitalization of $161.21 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.10 and a beta of 1.23.

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.