Crestwood Advisors Group LLC Decreases Stock Position in Booking Holdings Inc. $BKNG

Crestwood Advisors Group LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,725 shares of the business services provider’s stock after selling 1,176 shares during the period. Booking makes up about 1.7% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 11th largest holding. Crestwood Advisors Group LLC owned 0.06% of Booking worth $101,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Brighton Jones LLC raised its position in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking during the fourth quarter valued at approximately $209,000. Sivia Capital Partners LLC lifted its position in Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after purchasing an additional 33 shares during the period. Bouchey Financial Group Ltd purchased a new stake in Booking in the second quarter worth approximately $208,000. Finally, Clearstead Trust LLC grew its position in Booking by 13.3% in the 2nd quarter. Clearstead Trust LLC now owns 136 shares of the business services provider’s stock worth $787,000 after purchasing an additional 16 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the 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 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 trade represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $5,105.36, for a total transaction of $204,214.40. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,096 shares of company stock worth $11,120,014 in the last three months. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective for the company in a report on Monday, November 24th. Argus boosted their price target on Booking from $6,000.00 to $6,400.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Jefferies Financial Group lowered 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. KeyCorp dropped their price objective on shares of Booking from $6,630.00 to $6,500.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Booking from a “hold” rating to a “buy” rating in a report on Sunday, January 4th. Twenty-eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6,171.56.

Booking Trading Down 0.4%

NASDAQ BKNG opened at $4,140.60 on Tuesday. 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 cap of $133.45 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 0.89 and a beta of 1.21. The company’s 50 day moving average is $5,098.76 and its two-hundred day moving average is $5,216.87.

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.