Cardano Risk Management B.V. Has $122.40 Million Position in Booking Holdings Inc. $BKNG

Cardano Risk Management B.V. raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,669 shares of the business services provider’s stock after buying an additional 1,514 shares during the quarter. Booking accounts for approximately 1.3% of Cardano Risk Management B.V.’s holdings, making the stock its 21st biggest holding. Cardano Risk Management B.V. owned approximately 0.07% of Booking worth $122,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its position 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 worth $27,000 after purchasing an additional 3 shares in the last quarter. Guerra Advisors Inc bought a new stake in shares of Booking in the 3rd quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after buying an additional 4 shares in the last quarter. Davis Capital Management bought a new position in shares of Booking during the 3rd quarter worth approximately $32,000. Finally, Oakworth Capital Inc. boosted its stake in Booking by 50.0% in the 3rd quarter. Oakworth Capital Inc. now owns 6 shares of the business services provider’s stock valued at $32,000 after buying an additional 2 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 19,615 shares in the company, valued at approximately $101,631,984.10. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 840 shares in the company, valued at $4,288,502.40. This trade represents a 4.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,096 shares of company stock valued at $11,120,014 over the last 90 days. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. Wall Street Zen upgraded Booking from a “hold” rating to a “buy” rating in a research note on Sunday, January 4th. Rothschild & Co Redburn boosted their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a research note on Wednesday, October 29th. KeyCorp dropped their price objective on shares of Booking from $6,630.00 to $6,500.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their target price on Booking from $5,523.00 to $5,954.00 and gave the stock an “equal weight” rating in a report on Friday, January 9th. Twenty-eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6,171.56.

Booking Price Performance

BKNG opened at $4,140.60 on Tuesday. The stock has a market capitalization of $133.45 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The company’s 50 day simple moving average is $5,098.76 and its 200-day simple moving average is $5,216.87. Booking Holdings Inc. has a one year low of $4,071.60 and a one year high of $5,839.41.

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.