Booking Holdings Inc. $BKNG Position Increased by Alps Advisors Inc.

Alps Advisors Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 151.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 600 shares of the business services provider’s stock after purchasing an additional 361 shares during the period. Alps Advisors Inc.’s holdings in Booking were worth $3,240,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BKNG. Jones Financial Companies Lllp lifted its holdings in Booking by 7.7% in the third quarter. Jones Financial Companies Lllp now owns 6,914 shares of the business services provider’s stock valued at $38,132,000 after buying an additional 492 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Booking by 15.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares during the last quarter. Donaldson Capital Management LLC raised its position in shares of Booking by 59.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 1,119 shares of the business services provider’s stock valued at $6,042,000 after acquiring an additional 418 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Booking by 67.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 30,210 shares of the business services provider’s stock valued at $174,893,000 after purchasing an additional 12,148 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Booking by 339.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock worth $974,000 after purchasing an additional 139 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 953 shares of Booking stock in a transaction that occurred 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 $101,631,984.10. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Monday, February 2nd. The stock was sold at an average price of $5,105.36, for a total transaction of $204,214.40. Following the transaction, the director owned 840 shares of the company’s stock, valued at $4,288,502.40. The trade was a 4.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,124 shares of company stock valued at $16,194,538 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

Booking Stock Down 4.9%

Shares of BKNG stock opened at $4,237.05 on Tuesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The firm has a fifty day moving average of $5,189.70 and a 200-day moving average of $5,266.04. The company has a market capitalization of $136.56 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 0.96 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BKNG shares. Truist Financial set a $5,810.00 price objective on Booking in a report on Wednesday, October 29th. The Goldman Sachs Group restated a “neutral” rating and set a $5,920.00 target price on shares of Booking in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Robert W. Baird set a $6,325.00 price objective on shares of Booking in a report on Wednesday, October 29th. Finally, HSBC upped their target price on shares of Booking from $7,447.00 to $7,656.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Twenty-seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6,180.00.

About Booking

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.