Booking Holdings Inc. $BKNG Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,578 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Fifth Third Bancorp’s holdings in Booking were worth $30,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of BKNG. Geode Capital Management LLC increased its holdings in Booking by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock worth $4,936,132,000 after purchasing an additional 9,333 shares during the period. Norges Bank purchased a new stake in shares of Booking during the second quarter worth approximately $2,210,917,000. Invesco Ltd. raised its holdings in Booking by 6.8% in the second quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock valued at $2,197,495,000 after acquiring an additional 24,030 shares in the last quarter. Schroder Investment Management Group lifted its stake in Booking by 4.9% in the second quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock worth $2,183,690,000 after acquiring an additional 17,662 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after acquiring an additional 289,412 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Shares of Booking stock opened at $4,140.60 on Tuesday. The firm’s fifty day simple moving average is $5,098.76 and its 200-day simple moving average is $5,216.87. Booking Holdings Inc. has a 12 month low of $4,071.60 and a 12 month high of $5,839.41. The stock has a market capitalization of $133.45 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 0.89 and a beta of 1.21.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at $101,631,984.10. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $5,105.36, for a total value of $204,214.40. Following the sale, the director directly owned 840 shares of the company’s stock, valued at $4,288,502.40. The trade was a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,096 shares of company stock worth $11,120,014. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKNG. Wedbush reduced their price objective on shares of Booking from $6,000.00 to $5,500.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Rothschild & Co Redburn increased their target price on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $5,920.00 price target on shares of Booking in a report on Tuesday, January 27th. BNP Paribas Exane set a $6,100.00 price objective on Booking in a report on Monday, November 24th. Finally, 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 report on Friday, January 9th. Twenty-eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6,171.56.

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.